The real value of a $15 minimum wage depends on where you live
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
Numbers, Facts and Trends Shaping Your World
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
Taxpayers with incomes of $200,000 or more paid well over half (58.8%) of federal income taxes, though they accounted for only 4.5% of all returns filed (6.8% of all taxable returns). By contrast, taxpayers with incomes below $30,000 filed nearly 44% of all returns but paid just 1.4% of all federal income tax.
in terms of income status, the past four decades have been very good to people working in financial and natural-resources industries or as executives and managers, but not so good for sales workers or people in blue-collar manufacturing jobs.
Most of the biggest inflation-adjusted wage gains have occurred in metro areas that have directly benefited from the boom in U.S. oil and gas production
How the true value of your paycheck is affected by where you live.
The current federal minimum wage falls below the poverty threshold for most households. A new CBO report says raising the minimum will increase income for millions of low-wage workers but cost thousands their jobs.
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