Increasing the Federal Minimum Wage: A Meaningful Investment

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

The Toll of Persistent Poverty

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