"Three and a half million workers make either minimum wage or less than it — that’s at most $15,080 a year, well below the poverty line for a family of two — and millions more Americans make something only slightly above it. Raising the minimum wage to $10.10 by 2015 , as many of the protests this week urged, would mean higher wages for the 21.3 million Americans who make less than that. The Economic Policy Institute blog reports that it would create a ripple effect, leading to higher wages for a total of 14.2 percent of all U.S. workers, creating a mild economic stimulus, helping to close the gender pay gap and decreasing income inequality."
Posted on: Fri, 26 Jul 2013 14:00:52 +0000
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