Poverty, Prosperity, and the Minimum Wage

Poverty, Prosperity, and the Minimum Wage
Format
Hardback
Publisher
Greenhaven Publishing
Country
United States
Published
15 January 2022
Pages
176
ISBN
9781534508477

Poverty, Prosperity, and the Minimum Wage

The US federal hourly minimum wage has been stuck at $7.25 for more than a decade, even though both inflation and productivity have risen steadily. Experts say an hourly wage of $24 is in keeping with inflation, although even a raise to $15 per hour would succeed in lifting nearly one million Americans out of poverty. Some states and cities have done just that, but a gridlocked Congress has prevented it from happening on the federal level. This resource asks the question: In one of the world’s richest countries, why are so many workers unable to cover basic living expenses?

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