Where $15 Is Only Worth $12

Supporters chant for a $15 an hour minimum wage, as New York’s wage board recommended, during a rally in downtown Miami on July 23, 2015. (AP Photo/Alan Diaz)

Like some miraculously bipartisan presidential hopeful, the $15 minimum wage is on a hugely popular, non-stop tour of America.

Earlier this month, New York state announced a long-anticipated plan to phase in a $15 minimum wage for fast-food workers, whose 2012 protests sparked a national movement. That move is hot on the heels of...

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