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The University of Virginia announced Thursday that it is instituting a minimum wage of $15 an hour. “As a university, we should live our values, and part of that means making sure that no one who works at UVA should live in poverty,” said a statement from President Jim Ryan. About 1,400 employees currently earn less than $15 an hour. Employees who currently earn between $15 and $16.25 an hour will also receive raises.