1. Introduction • 2

2. The outdated federal minimum wage and

extent of low pay • 2

3. A new standard: Twothirds of the median

wage • 4

4. The state of minimum wage research and new policies • 6

5. Implementing a minimum wage equal

to two-thirds of the median wage • 8

6. National and state effects of a federal minimum wage at twothirds of the median • 9

7. Conclusion • 12