Living wage, minimum wage, fair wage… There are many views on what these phrases mean and how best to apply them in the United States. On Friday, 20 states and 32 cities and counties will raise their minimum wage. In 27 of these places, the pay floor will reach or exceed $15 an hour, according to a report released on Thursday by the National Employment Law Project, which supports minimum-wage increases. How will these increases affect small businesses and workers who may actually stand to lose their jobs because of the new rules? Read more here, Once a Fringe Idea, the $15 Minimum Wage Is Making Big Gains.