Monday, January 29, 2007
Minimum Wage Update #8 - Why?
I honestly don't think anyone will claim the $150 bucks in the Minimum Wage Challenge. I am more convinced than ever after reading a post over at the Iowa Voice blog and seeing this chart:
Certainly, you can go and read the history and comments about the chart over at Iowa Voice...or even the original post at Common Sense Political Thought.
Simply put...this is what the chart means:
The columns are as follows...Year; minimum wage workers; percent of the workforce; hourly minimum wage.
Each year the minimum wage was increased (highlighted in orange), the percent of workers who earn the minimum wage (highlighted in yellow) went up. Certainly more workers may have been affected by the initial increase, but the numbers who were on minimum wage were already going down each year, thank you very much. It even took a while after the hike for the number to continue dropping.
So much for it being such a benefit to "the little guy"...
Doubly depressing is the last figure from 2005. The lowest percentage of workers on the minimum wage in history.
Which could also be a good thing too...because there aren't many losers who will thank Democrats by voting for them.
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Certainly, you can go and read the history and comments about the chart over at Iowa Voice...or even the original post at Common Sense Political Thought.Simply put...this is what the chart means:
The columns are as follows...Year; minimum wage workers; percent of the workforce; hourly minimum wage.
Each year the minimum wage was increased (highlighted in orange), the percent of workers who earn the minimum wage (highlighted in yellow) went up. Certainly more workers may have been affected by the initial increase, but the numbers who were on minimum wage were already going down each year, thank you very much. It even took a while after the hike for the number to continue dropping.
So much for it being such a benefit to "the little guy"...
Doubly depressing is the last figure from 2005. The lowest percentage of workers on the minimum wage in history.
Which could also be a good thing too...because there aren't many losers who will thank Democrats by voting for them.
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-----------
Sign up to the new GregSays Newsletter. Weekly highlights, unique insider information and valuable extra content delivered right to the email address you provide. Your Privacy guaranteed.
Labels: minimum wage
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