LOW MIN WAGE = WELFARE FOR WALMART AND Mc DONALDS
UPDATE: WALL STREET BONUSES FAR EXCEED EARNINGS OF ALL FULL-TIME MIN WAGE WORKERS!
FACTS on Minimum Wage
FACT: Min Wage for 40 Hours/Week = FAR BELOW POVERTY LINE = WELFARE TO BIG BOX and FAST FOOD CORPORATIONS WHO REFUSE TO PAY AT LEAST POVERTY WAGES = MIDDLE CLASS PAYS WELFARE TO CORP FRAUDS!
FACT: 35 = Average Age of Min Wage Worker
FACT: Economic evidence from Many Studies = Minimum Wage Increases Hiring
FACT: March 2011 report of Center for Economic and Policy Research = Wage increases result in more jobs = statistically significant positive employment
FACT: MINIMUM WAGE WORKERS SPEND ALMOST EVERY DIME ON SURVIVAL = SPURS ECONOMY CREATING MORE JOBS
FACT: Citywide Minimum Wages INCREASES = SAME number employed
FACT: Studies Found = Min Wage Increase = More Employment or No Change
FACT: U of CA, Berkeley and Princeton U 1992 Study = Found stronger employment
Harvard U 1991 Study in Texas = Found Employment Slightly Increased
2010 UC-Berkeley Study = Found higher minimum wages = Zero Impact on JOBS
FACT: Research Suggests Minimum Wage Increases Do Not Hurt Teen Employment
2009 Study by Economic Policy Institute: No Teen JOB Loss from Min Wage Increase
FACT: Teen employment is driven by labor market employment trends 2008 Study
Economic Policy Institute, 2009: Consensus: Impact of Min Wage on JOBS is Small
U of CA Berkeley 2010 Institute for Research on Labor and Employment: Min Wage increases = Teen Employment among states shows hours has zero impact
FACT: Minimum Wage Hikes = Do Not Harm Small Businesses
Center For American Progress 2006 Study: Increased Min Wage = Higher Small Business Job Growth = employment in small businesses grew more in states with a higher minimum wage.
Fiscal Policy Institute 2006: Higher Min Wage States = Higher Small Business Job Growth
Fiscal Policy Institute 2006 Study: 10 states + DC with higher Min wages = Consistently better Job Creation versus 40 states with LOWER federal MIN Wage
NYTimes: Small Business Owners In A State With Higher Minimum Wage “Have Prospered Far Beyond Their Expectations.”
FACT: 8 miles separate Washington State Town and Post Falls on the Idaho side = Washington Side $3 Higher Min Wage = highest in nation = Prospered far beyond their expectations = Found job growth tops in country and profits JUST AS GOOD with Idaho workers crossing state line to work to get 54% higher pay = Idaho had to raise their wages
NYT 2007: “We’re paying the highest wage we’ve ever…and our business is still up 11+% over last year.” — Tom Singleton, manages Papa Murphy’s takeout pizza store
FACT: Min Wage Growth Has Lagged Inflation = Lower Purchasing Power Today Than Previous Decades = Min Wage fell 20% Bloomberg reports = Worse off now than 40 years ago. = In 2006, Min Wage Had Lost 40+% of Its Purchasing Power.
FACT: $22/hour in 2012 = If Min Wage Increased with Worker Productivity = Study by Center for Economic and Policy Research 2013
FACT: 20% of American adults earn $10.65/hour or less = $22,314/Year = Poverty level for a family of 4.
Min Wage 1968 = Equivalent to $10.38 in today’s dollars = CNNMoney 2011 = Poverty Wage for Family Of Four
U of CA Davis’ Center for Poverty Research 2013: Poverty for Person = $11,702 Poverty for a family of 4 = $22,881 = MIN Wage for family of 4 = 66% of Poverty Line
FACT: 50+% of Min Wage Earners Are 25 Or Older = Millions Of Adult Workers = NOT JUST KIDS
FACT: Most MIN wage earners are adults supporting families = 75% are 20 or older.
Economic Policy Institute 2012: Found 87.9% of Min Wage workers are 20 or older with family responsibilities = low of 77.1% in Massachusetts to 92.4% in Florida
Bureau Of Labor Statistics 2011: 50.5% of Min Wage Earners = 25+ Years old = 1,933,000 people. = BLS.gov 2/14/13 Report
BLS FACT: Less Than A Quarter Of Minimum Wage Earners Are Younger Than 20