How many minimum wage hours does it take to afford a two-bedroom apartment
Notice that the places with state minimum wages actually have the lowest real minimum wage. In a sense it's no wonder that you hear so many pleas for living wages and high minimum wages from these places and especially in certain localities: a dollar doesn't go as far there. In that sense we should probably be a little more circumspect before criticizing those super-high living wage campaigns. On the other hand, I think this shows that the federal minimum wage is perhaps too high and that maybe state variation is the way to go.
Introduction to Algorithms, Lecture Three
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