Raise the Minimum Wage (Photo credit: CT Senate Democrats)
There’s a lot of talk about increasing the federal minimum wage from $7.25 to $10.10 by 2016 – including its impact:
Approximately 16.5 million low-wage workers would directly benefit from the proposed increase Roughly 900,000 people living below the poverty line would move above the poverty threshold Both low-and-middle-income families’ incomes are projected to rise, 2.8% for the poorest families to .4% for middle-income families Employment would be reduced by about 500,000, or .3% of total employment Wealthy families with an average income of $180,000 can expect a .4%, or …read more
If your total income is deemed insufficient to purchase basic food, shelter, clothing and essential services, then you would be classified by the U.S. Census Bureau as “impoverished” – and you would not be alone.
Approximately 11% of counties in America are defined as “persistently poor” by the U.S. Department of Agriculture Economic Research Service (ERS), meaning that over 20% of their population has been living in poverty for the past 30 years. Over 85% of these persistently poor counties are regionally concentrated in the South. In these high-poverty counties, ERS reports that three quarters of the poor are …read more