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What percent of hourly workers in the U.S. earn the federal minimum wage?

ngpf.org 3/20/24

Q:

Budgeting

QUESTION OF THE DAY

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A:

QUESTION OF THE DAY

Budgeting

Source: USA Facts

1.3%

(the lowest % since the data started being tracked in 1979)

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FOLLOW-UP QUESTIONS

  • How does earning the federal minimum wage of $7.25/hour compare to the living costs in different parts of the US?
  • How has the purchasing power of the federal minimum wage changed over time?
  • Many states have set their minimum wage higher than the federal rate. Explore the reasons behind this and discuss the impact on workers and businesses.