Minimum Wage is still $5.15

22.Jun.2006 at 8:01 am | Sunny

Minimum Wage is still $5.15

html And has been $5.15 for the over 10 years now. If one were to work 40 hours a week and 52 weeks a year, they would earn $10,712.

According to the US Census Bureau, an household with more that one individual (say two for the heck of it), and if one of them were earnings minimum wage and supporting the other, they are below poverty right away. How good is minimum wage if in spite of working hard for 40 hours per week every week of the year and still are not able to sustain?

Proponents of wage increase (read democrats) believe that raising the minimum wage would help the poor, while detractors (read republicans) of this legislation believe that raising the wage would in fact result in many being laid-off, making it worse for the poor. If both parties are (partly) correct with respect to their assessments, Americas poor stands to suffer the unintentional consequence of capitalism, while some benefit, others lose.

Tags: Politics, Oddities, Bush, Race, DC, Tax, US, Congress, Homeless, minimum wage

Tagged: Bush, Congress, DC, Homeless, Oddities, Politics, Race, Tax, US

1. Adrian MacNair | June 22, 2006 #

The Republican argument is incoherent when companies that employ people for minimum wage are recording billion dollar profits (I’m talking to you f&*kers at Wal*Mart). The minimum wage is a cruel and disgusting amount, and this means that in order to make ends meet many people, usually poor, black, single mothers, end up working 60-70 hours weeks just to pay the rent.

4. hso | June 28, 2006 #

Absolutely, I agree with you totally. It is ludicrous when someone tells that raising wage will affect the poor. Even if there were layoffs in smaller establishments, those jobs are not going off the market; it merely goes from the small pop-n-mom establishments to large box stores.

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