Thursday, January 30, 2014

11 Facts About The Minimum Wage That President Obama Forgot To Mention

11 Facts About The Minimum Wage That President Obama Forgot To Mention:

During his annual State of the Union address before Congress, President Barack Obama made a big deal about the need to increase the federal minimum wage to $10.10 an hour. The move followed months of promises and rhetoric from the White House about how important it was to the economy to increase the minimum wage.
Back in August, the White House Twitter account even posted an infographic claiming that 15 million workers would “directly benefit” from a minimum wage increase and that “nobody who works full-time should live in poverty.”
And in December, both the White House and the president’s labor secretary publicly expressed support for nationwide strikes by hourly workers demanding higher pay (because nothing says “I deserve a raise” like refusing to show up to work).
Unfortunately for the White House, many of its claims about the minimum wage are divorced from reality. Here are 11 facts about the minimum wage that Barack Obama forgot to mention during his State of the Union address.

1) Only 1 Percent Of The U.S. Labor Force Earns The Minimum Wage

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