October 30, 2014

Real economics: Wages

Among all employees nationally, 56 percent are hourly workers, and 32 percent of these, or more than 21 million, earn less than $10.10 per hour, according to University of Virginia researchers in the Weldon Cooper Center for Public Service’s Demographics Research Group.

The Labor Department
reports that the 13 states that raised their minimum wage in 2014 have added jobs faster than those that didn't.

The rate of poverty level wages for women has declined over the last last three-and-a-half decades, especially among those 35 to 44 years old.

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Congressional Research Service - The peak value of the minimum wage in real terms was reached in 1968. To equal the purchasing power of the minimum wage in 1968 ($10.69), the current minimum wage’s real value ($7.25) would have to increase by $3.44 (or 47%).

40% Of US workers now earn less than 1968 minimum wage



2013

Tipped workers haven't seen a pay raise since 1991

Economic Collapse Blog: Today, approximately 20 percent of all children in the United States are living in poverty. A higher percentage of children is living in poverty in America today than was the case back in 1975.

Ten years ago, the number of women in the U.S. that had jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin. But now the number of women in the U.S. on food stamps actually exceeds the number of women that have jobs.

@Harpers
- Factor by which the average compensation for CEOs of fast-food companies has increased since 2000: 7




OFF THE CHARTS


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