Although pandering for votes is never out of style with politicians, the presidential nomination campaigns are raising it to a new level.  A week ago, democratic candidate and former Maryland Governor Martin O’Malley formally called for a federal minimum wage of $15/hour.  Not to be outdone, this week democratic presidential hopeful Senator Bernie Sanders (D-VT) actually filed legislation to do just that – increase the federal minimum wage to $15/hour by 2020.  The Pay Workers a Living Wage Act would phase in wage hikes over the next five years beginning in January, 2016 with an increase to $9, then in increments of $1.50 in each of the subsequent four years, ultimately resulting in the 107% increase from today.  The federal minimum is currently $7.25/hour, but most states have minimums above the federal wage floor.