The minimum wage is so low that precious few employers can find anybody willing to work for such a sum.
The benchmark hasn't received a lift in 13 years — it’s been stuck at $7.25 per hour since 2009. The longer it stays there, the less relevance it has, and the closer it comes to meaninglessness.Measured in 2009 dollars, the minimum wage has fallen over the past 13 years to just $5.27 per hour., for instance, is more than double the federal minimum. It's now legal in only 20 states to pay an employee as little as $7.25 per hour.on the subject finds that just 1.
5% of all hourly paid workers are making the minimum wage or less.The minimum wage doesn't even do much good for the lowest-paid workers. 78% of the 1.1 million workers making at or below the federal minimum were actually makingThe federal minimum wage is only meaningful insofar as there are workers who would make less than they’re currently earning if it didn’t exist. That population now probably numbers less than 0.2 million people, out of a civilian labor force of more than 164 million.
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