Five years after the end of the Great Recession, Millennials still face high barriers to entering the U.S. middle class. For LGBT Millennials, these barriers to full participation in the U.S. economy can be exacerbated by their sexual orientation and/or gender identity.
If the minimum wage were increased to $10.10 per hour, blacks, Hispanics, and Asians would see an increase in total wages of $16.1 billion.
The federal minimum wage has not been raised in more than five years. Here are six facts explaining why Congress needs to raise it to $10.10 an hour.
Raising the minimum wage to $10.10 per hour will cut spending on federal assistance programs and strengthen families, the economy, and our nation.
The net incomes of four of the largest low-wage employers, Wal-Mart, McDonald’s, Yum! Brands, and Target, represent five times the amount of cost savings in SNAP resulting from a minimum wage hike to $10.10.
An analysis of SNAP data reveals the savings that each state would experience if the federal minimum wage increases to $10.10 per hour.
Raising the minimum wage to $10.10 per hour would lower government spending on federal nutrition assistance by $46 billion over the next 10 years.
Even if we accept the erroneous assertion that better pay for low-wage workers will slow job growth, the reduction in the pace of job creation will by CBO projections be relatively small.
Six common-sense policies could help roll back economic inequality in America.
Americans have a moral imperative to raise the federal minimum wage.
There are a number of things that policymakers can do to strengthen the middle class that won't require any additional expenditures.
Basic math shows that President Obama’s proposed minimum-wage increase would have very little impact on U.S. businesses.
Increasing the minimum wage for all workers—particularly women who are the majority of low-paid workers—will markedly improve life for struggling American families.