US president Joe Biden is raising the minimum wage to $15 an hour—for federal contractors.Biden had vowed to up the federal minimum wage to that level for all workers, but his efforts to do that have so far failed in Congress. The new rate, which Biden is implementing through an executive order he signed last week, will only cover some 400,000 workers out of 32 million who currently make the minimum wage, according to estimates from the Economic Policy Institute, a left-leaning think tank.In the long quest to raise American workers’ minimum wage, which has been stuck at $7.25 for 11 years, it pays to have narrow goals. In recent years, getting Congress to hear—never mind pass—bills to increa
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