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Research and Resources Library

Myth: Raising the Minimum Wage Causes Job Loss, Decreases Hours, and Decreases Overall Wages

Myth: Minimum Wage Hurts the Poor

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  • $10.86 - How much the federal minimum wage would be if it had kept up with inflation over the past 40 years. Instead, it’s $7.25. 

  • $15,080 - The annual income for a full-time employee working the entire year at the federal minimum wage.

  • 0 - The number of states where a minimum wage worker can afford a two-bedroom apartment working a 40-hour week. 

  • 3 - The number of times Congress passed legislation to increase the minimum wage in the last 30 years.

  • 13 - The number of states that annually increase their state minimum to keep up with the rising cost of living (including the District of Columbia)

  • 22 - The number of states (including the District of Columbia) with minimum wage rates currently above the federal level of $7.25.

  • $2.13 - The federal minimum wage for tipped employees, such as waiters and waitresses, nail salon workers, or parking attendants.5The number of states with no state minimum wage.

 

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