It’s no secret that the minimum wage isn’t a living wage. It turns out it hasn’t been for quite some time. Research conducted by the Pew Research Center in January 2017 found that adjusted for inflation, the federal minimum wage peaked in 1968. The official poverty rate in the U.S. is 12.7 percent, or an estimated 43.1 million Americans, based on the U.S. Census Bureau’s 2016 estimates . Unemployment is low, but according to data from the Bureau of Labor Statistics , as of April 2017, 1.6 million unemployed Americans have been out of work for six months or […]
Full Post at www.forbes.com