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FTA: > That isn’t a lot of money, but according to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today. S
by VMG 13y ago
FTA:
> That isn’t a lot of money, but according to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today. So that means that more than 40 percent of all U.S. workers actually make less than what a full-time minimum wage worker made back in 1968. That is how far we have fallen.
So the article compares all wage earners today with full-time workers in 1968.
- netrus 13y agoThis. These numbers are mostly meaningless.
- mnarayan01 13y agoWhere full-time means a 40-hour work week. It would probably be more accurate to say that the article takes numbers and compares them to numbers, discovering that the first can be related to the second by a constant multiplier.
- coenhyde 13y agoHours worked is irrelevant. The lifestyle afforded by $21,480 a year is terrible. That's barely enough to support a single person let alone a spouse/family. This means that 40% of the workforce are most likely dependent on someone else. Either another individual or the government as evident in the 47.7 million Americans who receive food stamps. The workforce has changed since 1968. Full time jobs are not as easy to come by now as they were back then. There is indeed underemployment with people working fewer hours but that doesn't change the fact that 40% of the population is living off less than a 1968 minimum wage.