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What are the real Minimum Wage worker stats?

There is lot of talk about minimum wage and raising it. I cannot find real stats on minimum wage laborers.

1. what percent of laborers represent minimum wage? I've "heard" it was only 1%

2. how long do minimum wage workers even stay at minimum wage?

3. what age groups represent minimum wage workers?

I'm studying finance, which has economics, but it doesn't cover such things.

4 Answers

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  • 8 years ago
    Favorite Answer

    I don't even know if this is really tracked... the main reporting is called the "12th of the month report" isn't that a fancy title? Because it is due on the 12th of the month... google: it for confirmation. I haven't personally completed one for a long time = I'm trying to visualize it and "think" that it only shows total wages for the period, not per hour wages...

    I'm an HR Technology Consultant so when minimum wage changes this usually impacts me... regarding how many workers are impacted.

    - in 2009 at the last Federal minimum wage increase = one of my clients had 4 employees out of 1500 who were raised. This is a large company - volume wise, not employee population wise. Employees are in about 8 states. I don't remember anything about the demographics of this group

    - Another of my clients which is a non-profit based in DC with employees in almost every state. This company is sort of a employment agency for senior citizens = about 24,000 employees were impacted. These people do basic work in libraries, senior centers, etc.

    So as you can tell it is really from company to company = but honestly, excluding the non-profit listed above I would guess that less than 1% of my customer employee base is impacted.

  • Rob
    Lv 7
    8 years ago

    some reports have 15% at minimum wages.

    young folks under 20 make a large #

    new immigrants make up a large # also.

    how long stay? unfortunately many stay near that

    level for 100s of reasons.

    often personal choices

    Source(s): ex employee
  • 8 years ago

    Where did you hear/read that lie? Far more than 1% of the working population earns minimum wage and they continue earning minimum wage for years.

    If you want labor statistics, Google "US Department of Labor statistics."

  • ?
    Lv 4
    5 years ago

    The laissez-faire variety would not fairly remedy something specially. effective, the economic gadget gets boosted, yet in basic terms so a techniques as till the corrupt, money-loving CEOs make the errors (which they continuously do) of overspeculating, which motives a bubble, and at last, the bubble to burst and reason an economic recession. the perfect, maximum modern-day occasion of this in action? the present recession. in case you shop your palms off of the companies, it genuinely provides the agencies an "A-ok" to do in spite of the hell they desire. each now and then it somewhat is nice, yet lots of the time, while those men are so blinded by $$$, they ignore approximately all effects and act like toddlers after Trick-or-Treating with candy.

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