Currently, too many people are working full time, sometimes more than one job, and unable to make ends meet. More than half of the workers who will be helped by a minimum wage increase work full time. If the minimum wage were increased, 14.2% of all workers would be impacted, and more than 88% of those workers are adults over age 20. Childhood poverty in the United States, which is at a shameful rate of 1 in 5, would also be alleviated, as 23.8% of all U.S. children would be helped by a parent getting a raise in the minimum wage.
NETWORK has long advocated for raising the minimum wage as part of our strategies to Mend the Gap! in U.S. wealth. In 1968, the minimum wage was 57% of the average wage, wheras today, it is 37%. If the minimum wage had grown at the same pace as average wages, it would be $10.46. If the minimum wage had grown at the same rate as the wages of the top 1% of U.S. earners, it would be $28.34. When wages are decent, workers can provide for their families and participate in their communities. That's best for the 100%.
Statistics on this page come from the Economic Policy Institute.