Posted on July 25, 2012 |
$7.25 an hour. Imagine feeding a family on that. That’s the magic trick low-wage working women – who make up 2/3 of those earning minimum wages or less – have to perform on a daily basis.
As Kate Gallagher Robbins pointed out yesterday, an hourly wage of $7.25 leaves a person working full time year round with just $14,500—or $3000 below the poverty line for a mom with two kids.
But where does that $7.25 an hour leave workers who can’t get a full-time job? Involuntary part-time work is a huge problem for low-wage workers in today’s labor market. BLS data from 2011 (PDF) show that 8.5 million people were in part-time work for economic reasons like slack work, only being able to find a part-time job or seasonal work.
Instead of multiplying $7.25 by 40 hours a week, for these workers the math looks more like $7.25 x 20 or 25 hours (and in many cases, even fewer hours). In other words, workers earning minimum wages in involuntary part-time jobs are hit much harder by the painfully low minimum wage. Read more »