PrintDecember 21, 2013
The Minimum Wage Issue...Again
In his "State of the Union" show on February 12, 2013, Barack Hussein Obama said:
Even with the tax relief we've put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That's wrong.
For once I agree with our Dear Leader -- kinda. Yes, it's wrong, but it's wrong because Obama is wrong. For two reasons.
First, very few families with two kids earn the minimum wage. From the Bureau of Labor Statistics (BLS), we get these observations:
Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly paid workers, they made up about half of those paid the Federal minimum wage or less.
Among employed teenagers paid by the hour, about 21 percent earned the minimum wage or less, compared with about 3 percent of workers age 25 and over.
Data are for wage and salary workers age 16 and over and refer to earnings on a person's sole or...(Read Full Article)
