3-18-2014
http://finance.yahoo.com/news/low-wage-workers-finding-easier-020454077.html
Low-Wage Workers Finding Its Easier to Fall Into Poverty, and Harder to Get Out
Climbing above the poverty line has become more daunting in recent years, as the composition of the nations low-wage work force has been transformed by the Great Recession, shifting demographics and other factors. More than half of those who make $9 or less an hour are 25 or older, while the proportion who are teenagers has declined to just 17 percent from 28 percent in 2000, after adjusting for inflation, according to Janelle Jones and John Schmitt of the Center for Economic Policy Research.
Todays low-wage workers are also more educated, with 41 percent having at least some college, up from 29 percent in 2000. Minimum-wage and low-wage workers are older and more educated than 10 or 20 years ago, yet theyre making wages below where they were 10 or 20 years ago after inflation, said Mr. Schmitt, senior economist at the research center.
25 million workers in the United States who make less than $10.10 an hour
Of those workers, 3.5 million make the $7.25 federal minimum wage or less.
http://finance.yahoo.com/news/low-wage-workers-finding-easier-020454077.html
Low-Wage Workers Finding Its Easier to Fall Into Poverty, and Harder to Get Out
Climbing above the poverty line has become more daunting in recent years, as the composition of the nations low-wage work force has been transformed by the Great Recession, shifting demographics and other factors. More than half of those who make $9 or less an hour are 25 or older, while the proportion who are teenagers has declined to just 17 percent from 28 percent in 2000, after adjusting for inflation, according to Janelle Jones and John Schmitt of the Center for Economic Policy Research.
Todays low-wage workers are also more educated, with 41 percent having at least some college, up from 29 percent in 2000. Minimum-wage and low-wage workers are older and more educated than 10 or 20 years ago, yet theyre making wages below where they were 10 or 20 years ago after inflation, said Mr. Schmitt, senior economist at the research center.
25 million workers in the United States who make less than $10.10 an hour
Of those workers, 3.5 million make the $7.25 federal minimum wage or less.
