Hello everyone arguing about the #minimumwage! Someday I'll post a thread about the evidence our @UW team compiled in Seattle.
Today let's talk about hours.
Raise the wage on most low-paying jobs & workers still don't have enough to live on. Because they can't get enough hours.
The graph above is based on data from WA: one of only 4 states that collects systematic data on hours worked. It shows information for anyone earning under $11/hr in 2014-15, when the minimum wage was no more than $9.47.
The data have some important limitations:
-No information on gig/contractor employment
-No "informal" employment
-No jobs outside WA
However if a worker is holding 2+ job we can "see" all of them and include them all in calculating how many hours they work.
The median low wage worker works ~800 hours per year.
With a $15 minimum wage, working 800 hours/year, your annual income works out to $12,000.
That's below the poverty line for a single person, and less than half the poverty line for a family of 4.
Whereas if you could get full time hours (2,000/year) your income would be $30k.
The problem with low wage work (aside from low wages): these jobs tend to be unstable, seasonal, or offered by employers that need a large workforce for a limited number of hours per week.
Since the minimum wage is specified in dollars/hour, it can't guarantee a living income.