In 1938, the minimum wage was $0.25. That's $4.13 in 2013 dollars.
States must at least meet the federal wage baseline of $7.25.
Kevin Burgos makes $10.50 per hour at Dunkin Donuts, but his real cost of living is more than $17 per hour.
Thirteen states increased the minimum wage on Jan. 1, and President Obama supports raising the federal rate to $10.10. 4 small business owners weigh in on how an increase would affect them.