NEWSMAX: About half of the 3.6 million Americans earning at or below the federal minimum wage of $7.25 an hour are 25 years or older, with just a little more than one-third of them working more than full-time, according to a report Wednesday by NBC News.
President Barack Obama wants Congress to raise the minimum wage to $9 an hour, which liberals say will help struggling minimum wage workers pay their bills and afford the basic necessities. But conservative opponents of the proposal insist it will hurt the economy and the lower-income workers themselves by forcing employers to cut benefits or jobs so they can pay the higher wage to remaining workers.
Citing government research data, NBC reported that minimum wage workers are no longer just high-school kids flipping burgers to raise money to pay for school clothes or a used car. Three quarters of them, according to the research, have already graduated from high school, but end up in low-income, service-related jobs ranging from fast-food restaurants to child care services… (more)
Minimum wage is a joke. No one can live a decent life on minimum wage, especially if you are a single individual. The cost of everything- cost of living, food, gas, etc.- is so astronomical that it’s any wonder that anyone working even 50-60 hours a week on minimum wage can make ends meet. And the problem? They really aren’t. Which doesn’t help the economy either.