America's lowly minimum wage
June 25th, 2014
02:00 PM ET

America's lowly minimum wage

Last week, the IMF urged the U.S. to raise the wage floor, saying it is low by both historical and international standards. The federal minimum wage in America was about 38 percent of the median wage in 2011, one of lowest percentages among the rich countries of the world.

For Fareed's take on how to tackle poverty, watch our latest What in the World.

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