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.
Despite some ups and downs over the past several decades, today’s real average wage in the U.S. has about the same purchasing power it did 40 years ago. And most of what wage gains there have been have flowed to the highest-paid tier of workers.
The gap in the standard of living between Asians near the top and the bottom of the income ladder nearly doubled from 1970 to
2016. Amid rising inequality overall, Asians displaced blacks as the most economically divided major U.S. racial or ethnic group.
While the idea of raising the minimum wage is broadly popular, efforts to do so at the national level have stalled. We gathered key facts looking at the issue.
The cost of living can vary widely not just from state to state but within individual states, which can make setting an appropriate minimum wage more difficult.
Just what is “economic inequality”? Depends on whom you ask.
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