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by hodr 2562 days ago
Yes. Let's go with this logic. Do you know what percentage of people in this country make minimum wage (or less)? According to the BLS it's 2.3% of wage earners, which are 58% of workers, which are 78% of the population of adults.

So, 1.04% of the adult population of the US makes minimum wage.

In your logic, why should we set national economic policy based on 1%?

1 comments

Can you restate this please? It doesn't make sense; how are 2.3% of wage earners actually 58% of workers actually 78% of the adult population actually 1% of adult population?

From [1]: 1.8 million workers made the federal minimum wage or less. But that does not say how many people made less than $15 an hour, which is considered a living wage. According to the NELP in 2016, 42% of US workers make less than $15 per hour. Nearly half of US workers. [2]

So raising the minimum wage would support nearly half the US workforce to be able to, you know, live. I think setting economic policy with this in mind makes more sense than only considering what teenagers need.

[1] https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm [2] https://raisetheminimumwage.com/fight-for-15/

Restated: 78% of adults work. 58% of workers are "wage earners" (paid hourly, not salary) 2.3% of wage earners earn minimum wage.

Therefore 0.0230.580.78 = 0.0104, or just over 1% of adults earn minimum wage.