Monday, November 14, 2016
The Working Poor Will Continue To Get Even Poorer
The graphic above is from the Economic Policy Institute. Here's what they have to say about it:
There are 21 states that use the federal minimum wage of $7.25. Workers in these states comprise 39.2 percent of total nonfarm employment; the other 60.8 percent of the workforce is in states with minimum wages above the federal $7.25. The first set of bars shows that, accounting for the higher minimum wages currently in effect in 29 states and D.C., the average prevailing state minimum wage across the United States is $8.25. This means that minimum wage workers in the 21 states at $7.25 are being paid 12 percent less than the average U.S. minimum wage worker. Similarly, the average minimum wage among just those states that are above $7.25 is $8.90— meaning that minimum wage workers in the $7.25 states are being paid, on average, 18.5 percent less than their counterparts in states that have adopted minimum wages above $7.25.