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Pop Quiz: How many people in the US are working for the Federal Minimum wage right now today... I am willing to bet it is very few given what I have seen adve

• cratermoon 4y ago
  About 1.1 million people have jobs that pay the federal minimum wage or less. Not counting farm jobs (think migrant labor).
  • phpisthebest 4y ago
    That looks to be 2020 BLS data, before the Massive labor shortage, the Great Resignation, and massive wage inflation. Do you have a current source? But even assuming that data is still valid, that is what 1.5% of the labor force, and about 1/2 that is teens, or under 24 years old. so the massive amount of focus on "minimum wage workers needing to support a family" we are talking about 0.75% of all workers that would fall into that categorization, we should help these people with social programs to be sure, but I would not call that a crisis, or something needing massive economic/regulatory upheaval to resolve, it seems to be the market is doing just fine with wages with out government intervention