Minimum Wage Factoid
January 30, 2008
by Jason Williams
The federal minimum wage just went up this month from $5.15 to $5.85. How many people were trapped under this low-wage system? Turns out that only .35% of the 140 million working Americans get paid the minimum wage. Seems like the private sector is doing just fine rising wages without government mandates. (source: Professor Bradley Schiller, American University)
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