MIT Proves That No Minimum Wage Earner Can Support a Family
A new tool crunches data that yield startling results.
Living Wage Calculation for Arizona
Hourly Wages | 1 Adult | 1 Adult 1 Child |
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Living Wage | $10.47 | $22.37 |
Poverty Wage | $5.00 | $7.00 |
Minimum Wage | $7.90 | $7.90. |
Here’s The Economist on the United States' embarrassingly low minimum wage:
Given the pattern across the rest of the OECD, a group of mostly rich countries, one would expect the U.S., where GDP per person is $53,000, to pay a minimum wage around $12 an hour. That would mean a raise of about 65 percent for Americans earning the minimum pay rate.
But while several states have higher local minimums (and some cities plan to raise them further), the U.S. as a whole is not where it needs to be.
http://www.theatlantic.com/author/tanvi-misra-city-lab/
Sept 18, 2015
The entire map is fiery red; there isn’t a single county in which a minimum wage can match the local cost of living.
To visualize the problem, MIT has released the Living Wage Calculator, which maps the difference between minimum wage and basic costs of living in cities and counties across America. The map shows that for most minimum-wage earners, supporting their families is an enormous struggle.
Read more >> http://www.theatlantic.com/politics/archive/2015/09/mit-proves-that-no-minimum-wage-earner-can-support-a-family/432852/
Take a look at a different version of this map for Phoenix and Maricopa County
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