3 ms·
https://equitablegrowth.org/u-s-income-and-wealth-inequality-are-no-longer-increasing-but-a-return-to-the-equitable-levels-of-the-mid-20th-century-isnt-likely-a
by mannerheim 3y ago
https://equitablegrowth.org/u-s-income-and-wealth-inequality-are-no-longer-increasing-but-a-return-to-the-equitable-levels-of-the-mid-20th-century-isnt-likely-anytime-soon/ https://equitablegrowth.org/u-s-income-and-wealth-inequality...
> In states like Texas minimum wage is still $7.25/hr and many places pay just that.
> How do you reconcile your numbers with that?
'Assistant Commissioner for Regional Operations Stanley W. Suchman noted that the 196,000 workers earning the federal minimum wage or less made up 3.1 percent of all hourly paid workers in the state. Nationwide, those earning the federal minimum or less accounted for 2.3 percent of the hourly paid workforce.'
And that's only those paid hourly, not salaried.