“According to statistics an increase in minimum wage WILL NOT help the poor.”
Recently their has been an argument stating that minimum wage earners need to get an increase so they can have a nice salary to live off of.
In my state minimum wage is $7.25 so if someone is working at fast food restaurant 40 hours a week they are looking at a paycheck that is around $200 or $300 . When you say the words minimum wage out loud the first word you hear is minimum and that is for a reason; Minimum wage jobs were never created to live comfortably off of .
Minimum wage jobs were created for people who don’t have the same skills as people do in non-minimum wage jobs. According to an article I read on The Federalist , “11 Facts about the Minimum Wage That President Obama Forgot to Mention” 1/3 of minimum wage workers either dropped out or never attended high school.So when you hear people yell slogans like “Corporate Greed” keep statistics like that in mind.
So as soon as people accept the fact that minimum wage jobs were never meant to be a career then this would help people understand that minimum wage positions were never created to pay employees $19 per hour.
According to an article on Forbes, “Almost Everything You Have Been Told About The Minimum Wage Is False” only 0.8 percent of all Americans over 25 are earning minimum wage. Yes you read it correctly only 0.8 percent of ALL Americans are earning minimum wage.
If you keep up with the news constantly like I do I know you have heard people scream “Corporate Greed” but now you know they are the ones who are uninformed. Whats even more shocking is only 63% of workers who earn less than $9.50 per hour (Keep in mind minimum wage in most states is $7.25) are the second or third earner in the family and 43% of those workers live in a household that has an annual salary of more than $50,000.
So in other words most minimum wage earners are living with people who make more than $50,000. Now if you don’t know by now the mainstream media only tells you what their leaders want you to know so you are not going to hear this on CBS or ABC. My reason behind that statement is the news will have you believe that minimum wage workers go home to shacks with no electricity but the statistics say otherwise.
In closing their is one more thing I want to mention ;A full-time minimum wage worker in 2014 will make 24% more than the federal poverty limit.
**This article was written to inform people about minimum wage this article was not written to talk bad about minimum wage earners.
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What are your views on minimum wage? Do you think everyone on earth should get paid the same to prevent income inequality? Please feel free to comment.
Links to the articles about minimum wage.