Search This Blog

Friday, May 23, 2014

Wage is too Minimum

Low pay by state


Since 1997, the federal minimum wage has been stuck at $5.15. The new Congress plans to introduce legislation raising the minimum wage to $7.25-an increase that is long overdue.

This minimum wage increase would boost earnings for 13 million American workers-9.8 percent of the United States workforce.

Six million families with children-46 percent of the total low wage-earning families with children-currently receive all of their earnings from minimum wage jobs.

Raising the minimum wage will increase annual earnings to $15,000 from $10,700.

Without this increase, a family of three supported by one minimum wage earner will live roughly $5,400 below the federal poverty line.

At the 350 largest public companies, the average CEO total direct compensation was $11.6 million in 2005. At this rate of compensation, it takes the average CEO only one hour and 55 minutes to earn the annual pay of a minimum wage worker.

Here is an interactive map that will show how your state relates to the others.

Minimum wage map


See all Topics

No comments: