Poverty and the Minimum Wage
What does our government consider the poverty line?
Well using the U.S. Census Bureau numbers from 2016, the average poverty line for a single person in the United States is $12,486.
Using those Census Bureau numbers from 2016 the poverty line for a two-person household is $16,072.
Now let us look at a four-person household, the U.S Government states their poverty line is $24,755.
With those numbers in mind and the fact that the left’s beloved bloated government were the ones to come up with those numbers let us now look at the minimum wage.
A single person making the minimum wage and working 40 hours a week earns an annual income of $15,080 which would then mean a two-person household would earn $30,160.
Are you starting to see where I am going with this?
If the poverty line for a two-person household is $16,072 and both people in that household work 40 hours a week making minimum wage they bring in a combined $30,160. That would mean that two-person household is making $14,088 above the poverty line.
You should also know a little known fact, which is according to the U.S. Bureau of Labor Statistics, less than 4% of American hourly workers in 2016 were paid the minimum wage.
What does that mean, well it means that over 96% of workers earned more than the minimum wage.
With all the press around minimum wage I bet you thought that percentage was quite a bit higher.
Do these numbers put the minimum wage and poverty debate in a different light?