Chart of the week: Minimum wage workers have better education, worse compensation

When the federal minimum wage increases from $6.55 to $7.25 this Friday, an estimated 4.5 million of America’s lowest paid workers will receive a raise. It’s an important step in supporting both economic growth and economic security in America.

However, the increase still leaves the real value of the minimum wage lower than it was 30 years ago. More troubling: minimum wage workers have achieved higher levels of education, one of the best measurable indicators of productivity – but wage gains haven’t followed.

20090722snapshot

More about this trend on the Economic Policy Institute’s website – also see EPI’ just released Minimum Wage Issue guide.

  • Leave a Reply

Your email address will not be published. Required fields are marked *

More To Read

January 25, 2023

Top 5 Fixes for High Health Care Prices

High health care costs are driving Washington workers and families over the edge

December 15, 2022

2023 Legislative Agenda

By strengthening the core pillars of our economy – including child care, health care, educational opportunity, economic security, and our public revenue system – we can diminish economic, racial, and gender inequity.

December 7, 2022

One missing piece in Washington’s tax puzzle: A wealth tax

The way our state raises money is not fair. A wealth tax would help right that wrong.