Person Shares Worrying Statistic About The Minimum Wage in 2010 and 2020, And People Contributed With More Statistics That Don’t Paint A Pretty Picture

Some believe that the minimum wage reflects the economy and the country's ability to take care of its workforce. If that's true, then our economy and society are in big trouble. When reporter Ken Klippenstein shared that the minimum wage in the U.S. is $7.25 an hour and hasn't changed in over a decade, people began replying with their own worrying statistics. The post went viral, garnering more than 175k likes and over 53k retweets, but not because it is funny or entertaining. These statistics reveal a disturbing trend of the rich getting richer while the average worker is forced to work for breadcrumbs.

2010:

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2020:

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New Zealand was the first country in the world to introduce minimum wages. They passed the law in 1884, and the U.S. followed about 50 years later… Yes, the minimum wage law was introduced by F.D. Roosevelt in 1938. It was set at 25 cents an hour, which is roughly $4.45 in today’s money.

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Since then, Congress has raised it 22 times in total. The current minimum wage ($7.25 an hour) was set in 2009. Still, we should mention that cities and states have the option to set their own minimum wages; 29 states have exercised that right and have minimum wages higher than the federal rate.

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Of course, low minimum wages have caused many protests. “Fight for $15” is one of the many organizations demanding that the minimum wage should be equivalent to a living wage. It’s the minimum amount needed for a person to meet their basic needs, and according to a calculator created by Dr. Amy K. Glasmeier, it is $16.07 per hour. She used a family of four as an example, consisting of two working adults and two children.

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