The True Picture of Minimum Wage Workers
According to the U.S. Bureau of Labor Statistics:
63 percent of minimum-wage workers receive raises within one year of
employment, and only 15 percent still earn the minimum wage after three years.
Moreover, only 3 percent of all hourly workers and 2 percent of wage and salary
earners earn minimum wages. Most minimum wage earners are young – 53 percent
are between the ages of 16 and 24.
Furthermore, only 5.3 percent of minimum-wage earners are
from households below the official poverty line; 40 percent of minimum-wage
earners live in households with incomes of $60,000 and higher, and over 82
percent of minimum-wage earners do not have dependents.
Excerpted from an
article by Walter E. Williams, located at
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=47644