Facts And Stats
- Just over half (50.6%) of the 3.55 million U.S. workers who were at or below the federal minimum last year are ages 16 to 24
- Nearly 21.3 million U.S. workers (or 16.4% of the workforce) would be directly affected by raising the minimum wage to $10.10 by July 2015
- While not strictly minimum-wage workers, almost 23.2 million Americans (17.8% of all wage and salary workers) worked in the nation’s lowest-paid occupations as of last year
I believe the minimum wage was put in place to help workers maintain at least the lowest standard of living. Although in the video him and his wife were able to survive the quality of life was terrible. The minimum wage should be slightly raised in order to keep up with inflation.
From the video, I learned that the minimum wage has not been raised since 1989 which is truly shocking considering how much inflation has happened since then.