Based on how hard Americans are working, that's what we should have:

Sen. Elizabeth Warren (D-Mass.) made a case for increasing the minimum wage last week during a Senate Committee on Health, Education, Labor and Pensions hearing, in which she cited a study that suggested the federal minimum wage would have stood at nearly $22 an hour today if it had kept up with increased rates in worker productivity.

And something else: If we were to raise America's minimum wage to keep pace with increases in wages for the top 1 percent over the last 50 years, then our lowest earners would now be getting "closer to $33 an hour."

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