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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote]https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm#:~:text=The%20percentage%20of%20hourly%20paid,collected%20on%20a%20regular%20basis.[/quote] In 2017, only 2.3% of workers were making minimum wage. So, I'm guessing the market is working. This is also a little different from what a PP posted about teens. Very few workers are paid minimum wage--mpst are paid more. I know a teen who was making better than minimum wage at a store at the mall --and this was well over a decade ago. Is it also possible that they are including waiters/waitresses in that number? Because they ,make lower than others, but get tips. Not sure how they calculate their wages statistically. Age. 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 (ages 16 to 19) paid by the hour, about 8 percent earned the minimum wage or less, compared with about 1 percent of workers age 25 and older. [/quote]
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