Should Texas raise their minimum wage rate? and last updated 2021-01-02 12:26:39-05 A New Year also means a new rate of pay for several Americans. Texas is not one of those states but some believe the minimum wage, which is $7.25, should also be increased, especially for those in the service industry. â$7.25 an hour does not pay a living. Thatâs why you have parents that are working two to three jobs. Thatâs why you have children that are in homes. Daycare for one child is $500 a month in certain areas. That $7.25 doesnât secure any family financially,â said Killeen resident Khandiese Cooper.