The number of months since the last minimum wage increase, in July 2009.
The number of months between each of the last three minimum wage increases, to $5.85 in July 2007, then to $6.55 in July 2008, and finally to the current $7.25 minimum in July 2009.
The number of states — not including Washington, D.C. — that have raised the minimum wage above the federal rate. The highest state minimum wage is in Washington state, at $9.32 an hour — still below the proposed federal minimum.
The purchasing power the federal minimum wage has lost to inflation since the last time it was raised, according to Pew data from 2013. The left-leaning National Employment Law Project reports that the real value of the minimum wage peaked in 1968, when its $1.60-an-hour rate would have been worth close to $10.50 in today’s economy.
What the minimum wage would have been in 2012 if it had kept up with worker productivity since the late-1940s, according to a study published last year.
Chosen excerpts by Job Market Monitor. Read the whole story at 17 Numbers That Will Make You Realize Just How Pathetic The Federal Minimum Wage Is.
Minimum Wages in US – Jobs grew faster in the 13 states that boosted their minimums at the beginning of the year
In the 13 states that boosted their minimums at the beginning of the year, the number of jobs grew an average of 0.85 percent from January through June. The average for the other 37 states was 0.61 percent. Nine of the 13 states increased their minimum wages automatically in line with inflation: Arizona, Colorado, Florida, … Continue reading
Economic analyst and former tipped worker David Cooper explains how tipped workers get paid. The minimum wage for most tipped workers is only $2.13 an hour. That means the customer is on the hook for paying the bulk of these workers’ wages. via The truth about how tipped workers get paid – YouTube. Related Posts … Continue reading
The federal minimum wage for tipped workers has been $2.13 since 1991. That pay rate tends to get lost in the larger debate over whether to raise the national minimum wage for nontipped workers, which is $7.25 an hour. Under federal law, if tips dont bring employees up to the level of the standard minimum … Continue reading
The International Monetary Fund on Monday cut its forecast for U.S. economic growth this year, warned of sluggish growth for years to come, and made a bunch of suggestions for getting Americas economic house in order — including raising the abysmally low federal minimum wage of $7.25 an hour.” [G]iven its current low level compared … Continue reading
All the statistics here apply to those who would be affected by the proposed increase to raise the federal minimum wage from $7.25 to $10.10. The analysis also includes a number of workers making slightly above $10.10, who, history suggests, would receive a raise if the minimum wage were increased. Minimum-wage workers are older than … Continue reading
Minimum Wage Increase in US – Would benefit 4.7 million moms and 2.6 million, working dads finds EPI
About 22 million moms are working in the United States today. Over one-fifth of all working moms would get a raise if we increased the minimum wage to $10.10. That’s 4.7 million moms and their families who would see an increase in wages with that modest minimum wage increase. And, not to be left out, 11.6 … Continue reading
A broad-based coalition of millionaires converged on Washington today to defeat a bill that would have increased the minimum wage for American workers to $10.10 an hour. Leaving behind their mansions and yachts, the millionaires were motivated by what they saw as an existential threat to the country, Mitch McConnell, a spokesman for the millionaires, … Continue reading
Odds remain low that Congress will raise the $7.25 federal minimum wage anytime soon. But the issue will be revisited in coming days as the Senate takes up a bill to increase it to $10.10 an hour. And President Obama and congressional Democrats plan to push the issue on the campaign trail ahead of the … Continue reading
About 260,000 people who had a college or professional degree made at or below the federal minimum wage of $7.25 per hour last year, according to the Bureau of Labor Statistics. Things may be looking up a little, though — it’s the smallest number since 2008. The worst year was 2010, when the number skyrocketed … Continue reading
Minimum Wage and Poverty in US – The income boost would be less than $1.00 for each $1.00 increase in gross earnings writes Congressional Research Service
Pending before Congress is legislation (S. 1737 and H.R. 1010) that would raise the federal minimum wage from its current $7.25 per hour to, ultimately, $10.10 per hour. The minimum wage would be adjusted for inflation thereafter. Whether the minimum wage or alternative policies, namely government-funded earnings supplements such as the Earned Income Tax Credit … Continue reading
The “recovery” from the Great Recession has been anemic. Business growth, job creation, and consumer spending remain tenuous. Since the official trough in June 2009, median income has fallen, real wages have barely risen, unemployment remains elevated, and because so many Americans have left the workforce entirely, the fraction of the population working is below … Continue reading
Minimum Wage in US / Much of the empirical evidence suggests that it fails to alleviate net poverty says CATO
Numerous empirical studies have examined the effect of past minimum wage increases on poverty. In a 2007 peer-reviewed study, Richard Burkhauser of Cornell University and I examined Census data from 1979 to 2003 to estimate the effects of minimum wage increases on state poverty rates. We found no evidence that minimum wage increases were effective … Continue reading