The minimum wage is not a statistical average, it’s a legal limit set by the federal government to ensure that workers (presumably citizens and legal residents) don’t get paid less than that, and $7.50 is an accurate figure in 2011.
Throughout my college years I worked as a cashier on weekends in a large supermarket chain. I started at $7 per hour in 1997 and after several raises and promotions, was making $10 per hour in 2001, the year I graduated. A friend of mine was making about $100 a day waiting tables in a restaurant. Back then $35,000 is considered a good starting annual salary for a college graduate with a bachelor degree in accounting. This was GROSS income, of course. About 25% of it went to federal, state and social security tax, so the take-home pay was about $14 an hour.
Here’s a list of minimum wage in 2011 by state:
List of U.S. minimum wages - Wikipedia, the free encyclopedia
And a list by occupation:
Minimum wage in the United States - Wikipedia, the free encyclopedia
As you can see, things have not improved much from 10 years ago for the low-wage earners, except that many of them had to work less hours during the recession. I honestly don’t know how they can pay their bills (or not). I can do some research but I’m afraid to. Their after-tax income might be a little higher than their gross income because of all the tax credits they can claim. But still, the monthly rent (not including utility, etc) for a small apartment in Atlanta costs at least $700; gasoline is at $4 a gallon now; a loaf of bread with decent amount of nutrient costs $3…



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