What percentage of the US labor force makes minimum wage?
What percentage of the US labor force makes minimum wage?
The percentage of hourly paid workers earning the prevailing federal minimum wage or less declined from 1.9 percent in 2019 to 1.5 percent in 2020. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis. (See table 10.)
How many workers in the US make minimum wage?
Profile of minimum wage In that same year, around 308,000 low wage workers had some college, but no degree — a clear majority. As of 2019, there were about 1.21 million workers in the United States paid an hourly rate below the prevailing federal wage.
What percentage of workers make less than $15 an hour?
Almost half of U.S. workers (42.4 percent) make less than $15 per hour. Workers within certain demographic groups are more likely to be working in this low-wage category than are workers in other groups.
What jobs actually pay minimum wage?
The following list includes ten jobs that pay minimum wage or above.
- Hotel housekeeper.
- Food preparation worker.
- Personal care assistant.
- Restaurant server.
- Childcare provider.
- Bartender.
- Home health aide.
- Retail sales assistant manager.
Who is the average minimum wage worker?
In 2020, around 47.6% wage and salary workers paid hourly rates at or below the federal minimum wage were aged between 16 to 24 years….
| Age group | Share of low wage workers |
|---|---|
| 16 to 24 years | 47.6% |
| 25 to 34 years | 22.5% |
| 35 to 44 years | 11.7% |
| 45 to 54 years | 8.4% |
What kind of jobs earn minimum wage?
Many people get their first jobs working in restaurants and retail shops, often earning minimum wage, until they move on to other work or they enter management positions….Retail and Restaurant Workers
- Bartenders: $10.43.
- Waiters and waitresses: $10.01.
- Food preparation workers: $10.93.
- Retail salespersons: $11.16.
What is a livable wage in the US?
$16.54 per hour
The living wage in the United States is $16.54 per hour, or $68,808 per year, in 2019, before taxes for a family of four (two working adults, two children), compared to $16.14 in 2018. The minimum wage does not provide a living wage for most American families.
What’s the average age of people making minimum wage?
In 2020, around 47.6% wage and salary workers paid hourly rates at or below the federal minimum wage were aged between 16 to 24 years….
| Age group | Share of low wage workers |
|---|---|
| 25 to 34 years | 22.5% |
| 35 to 44 years | 11.7% |
| 45 to 54 years | 8.4% |
| 55 to 64 years | 6.7% |
What is the highest minimum wage in the US?
Beginning in January 2019, Washington D.C has the highest minimum wages in the country, at $14.00 per hour. New York City’s minimum wage for companies with 11 or more employees became $15.00 per hour on December 31, 2018. On the same day, NYC’s hourly minimum wage for companies with 10 or fewer employees became $13.50.
What is the job of the Bureau of Labor Statistics?
The Bureau of Labor Statistics is the premier research arm of the Department of Labor. It collects, analyzes and reports on a wide range of employment, unemployment and price statistics. These reports are critical aids to taking the pulse of the U.S. economy.
What jobs pay minimum wage?
The types of jobs most likely to pay more than minimum wage do often require experience – whether that’s a couple of years in customer service or better than seven years in a particular industry. Some of the more basic jobs in transcription or moderation, for example,…
What is the current US minimum wage?
The minimum wage in 2019 was 7.25 U.S. dollars, which decreases to 7.15 U.S. dollars when expressed in nominal 2020 dollars. Real and nominal value of the federal minimum wage in the United States…
What is the optimal minimum wage?
The optimal minimum wage is the maximum wage that reduces the rental element of the business income to zero. This is very location-dependent and means that the minimum wage should be much higher in large cities than in small ones or in rural areas.
