A single parent with two children, who worked full-time at the federal minimum wage, would earn $15,080 in pre-tax income, more than $5,000 below the poverty line of $20,090. Raising the minimum wage to $15.00 an hour would lead to a yearly income of $31,200, more than $11,000 above the poverty threshold. Raising the federal minimum wage to at least $10 an hour would reduce the number of people in poverty by at least 4.6 million.