What's the difference in fair.......and minimum wage?

Everyone is happy that the minimum wage is now going up to $7.25 an hour now and for millions of Americans we should be happy for them but at the same time we should be asking our selves a question qbout the difference between minimum and fair. Now at this new standard a person making minimuw wage might be abloe to afford a daily newspaper and a cup of coffee but we will come back to that! Someone making the minimum wage and working a 40 hour week job can look forward to making gross about $1160 a month, that is before taxes, social security and welfare gets taken out and lord help you if you have a state income tax. So lets say they take home $1000 a month. The average rent/mortgage in the US is $684 a month, that leaves $326 dollars a month for electricity, water, natural gas, groceries, toilet paper, you get the picture. Thats about $80 a week, oh and by the way they may need to get to work so they may have to pay for public transportation, and if they have a car then they will need gas for that car. But wait what about health insurance, and the rainy day fund that so many of these gooroos say that we are suppose to have. Yes, this is impossable. No one can live on the minimum wage except maybe a kid living at home, but if he has insurance, car payment, gas for the car etc he never has any money. Whats happened in our country is that we have become so preocupied with making sure these companies and these business are doing good that we have forgotten how they got where they are. On the backs of blue collar workers all over the US! By keeping the poor ......poor.....by keeping the poverty level low.......then it looks like they are doing everyone a big favor.......i say its time we started having a fair wage in this country............not a minimum wage............lets start requiring companies which recieve all these tax breaks, federal funds, etc to pay what is fair.........for what a man or woman does all day.....how can it be fair to pay an executive $1 million dollars a year.....when he is driving the company in the ground.....but yet pay the person that shows up everyday busting his tail giving a hard days work......not enough to feed his family and pay his bills.........