Minimum Wage Factoids
62% of all Minimum Wage Workers are Women
“In 2011 more than 62 percent of minimum-wage workers were women compared to just 38 percent of male minimum-wage workers. Slightly more than 2.5 million women earn the minimum wage or less, while approximately 1.5 million men do. This imbalance is even more drastic once you consider that women were just 46.9 percent of all employed workers in 2011.”
Raising the Minimum Wage Will Kill Small Business?
“And in 1995, Jack Farris, president of the National Federation of Independent Business claimed that President Clinton’s proposed 90 cents per hour minimum wage hike from $4.25 to $5.15 was “a regressive and job-killing scheme which will put a big dent in small-business hiring.” According to County Business Patterns data, employment in businesses with fewer than 20 employees grew by almost two million workers between 1995 and 2000. Oops. “
2 of 3 Minimum Wage Employees Work for Large Profitable Corporations:
Two out of three low wage workers are employed by large corporations with more than 100 employees:
Raising the Minimum Wage is a Job Booster, Not a “Job Killer”
“A significant body of academic research has found that raising the minimum wage does not result in job losses even during hard economic times.
$12.00 An Hour Will Raise A Worker Out of Poverty
A $12.00 an hour wage, while not a “living wage,” will lift a worker working 34 hours a week over the Federal poverty level for an individual in Humboldt County.
The Gasoline Index 1968-2012
In 1968 an hour’s pay at minimum wage ( $1.60) would buy almost 5 gallons of gasoline (@ $0.33/ gal.) but today in Eureka an hour’s minimum wage ($8.00) will buy a little less than 2 gallons of gasoline (@ $4.37 per gallon.)
If the minimum wage had been increased at the same rate as the price of gas, the minimum wage would be over $21.00 per hour today.
The 1% Index
“If minimum wage workers saw the same massive increases in income that the America’s richest have enjoyed since the 1970s, the lowest-paid worker in America today would be making $28 an hour.” –Bill Moyers
Rethinking the Minimum Wage, Bill Moyers:
Today’s Minimum Wage Worker is $7,000 Poorer Than a 1968 Worker
At $7.25 an hour, today’s full-time minimum wage retail worker, security guard, child care worker or health aide makes just $15,080 a year. Last century’s 1968 minimum wage worker made $21,944 a year, adjusted for inflation.
Worker Productivity Grew, Worker’s Wages Shrank
Worker productivity grew 80 percent from 1973 to 2011. The average worker wage fell 7 percent, adjusted for inflation.
The Reduction of Minimum Wage Value Has Cratered the Middle Class
In 2010, our nation’s economy was growing, but most Americans didn’t feel it because 93 percent of the income growth went to the richest 1 percent. The bottom 90 percent of Americans got none. It sure wasn’t always like that. Between 1938, when the federal minimum wage was first enacted, and 1968, when it peaked in value, the bottom 90 percent of households shared 69 percent of the nation’s income growth. The middle class was able to grow.
California Has the Lowest Minimum Wage on the West Coast
California $8.00 Oregon $8.80 Washington $9.04 Nevada $8.25
Raising the Minimum Wage is Overwhelmingly Supported by the Public
This June, a Zogby Analytics survey of likely voters found seven out of 10 supporting a raise above $10 an hour (including 54 percent of Republicans). Notably, 71 percent of young people (18 to 23 years old) favored it. Likewise, last November’s “American Values Survey” by the Public Religion Research Institute showed two-thirds of Americans in favor of a $10-per-hour minimum.
Jim Hightower http://www.nationalmemo.com/our-disgraceful-minimum-wage/
Defending the Community
$12.00 Minimum Wage for Large Employers
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