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Thursday, January 30, 2014

11 Facts About The Minimum Wage That President Obama Forgot To Mention

11 Facts About The Minimum Wage That President Obama Forgot To Mention

10) There Are Nearly Six Times More Minimum Wage Workers Today Than In 2007

In 1980, the number of minimum wage workers in the U.S. reached a peak of 4.7 million workers. At that time, the prevailing federal minimum wage was $3.10 an hour. In 2007, following more than two decades of economic prosperity, the number of Americans earning the minimum wage bottomed out at 267,000 workers. Since then, the number has risen dramatically, exceeding 1.5 million workers as of 2012, the most recent year for which data are available.

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