With a proposed $15-an-hour federal minimum wage continuing to be a a contentious piece of US president Joe Biden’s $1.9 trillion pandemic-relief proposal, Goldman Sachs’ analysts have added their thoughts to the debate: they believe the federal wage floor could be raised.But the investment bank’s analysts, writing in a Feb. 8 economics research note, say that a compromise of a minimum wage of $10 to $11 an hour, phased in no faster than an additional $1 per year, is “more politically realistic.”The analysts estimate that about 30% of US workers would benefit, in some cases sharply, from a $15 minimum—most of them adults with family incomes below $50,000. In Mississippi, which has no state
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