The Minimum Wage Myth
If you have watched the news at any point over the last year or so you surely have seen the mass rallies in various big cities throughout America. The rallies have consistently been large and boisterous as workers cry out for an increase in the minimum wage or a decent living wage. Most have been calling for at least a $15 per hour minimum wage. That is more than double the current federal minimum wage of $7.25 per hour. The claim from the progressive liberals is that workers just can't support a family with that paltry minimum wage. So what are the facts? According to the Bureau of Labor Statistics, there are roughly 3.6 million workers at or below minimum wage in America. Of those workers, 31% are teens and 55% are 25 years old and below. That leaves roughly 1% of all minimum wage workers over 25 years old. So we are truly talking about a very minute fraction of the country here. The BLS reports 63% of workers who earn less than $9.50 per hour are second and third wage earne...