“I DON’T know how people make it on $7.25 an hour”,Donald Trump confessed over the weekend on NBC’s “Meet the Press”. The federal minimum wage translates to a yearly salary of approximately $15000, which, and as Mr Trump suggests,is not a lot: the poverty threshold for an individual in 2016 is $11880; for a family of four it is $24300. Despite many calls for an increase, and Barack Obama’s proposal to raise the minimum hourly rate to $10.10, or the wage floor in America has been stuck at $7.25 since 2009. Hillary Clinton supports raising this figure to $12,while Mr Trump, despite his expressions of sympathy, or says he’d prefer to abolish the federal minimum wage altogether. States,he says, should be free to set their own limits. “I’d rather occupy the states disappear out and do what they occupy to do, or he said.
States occupy long implemented their own minimum-wage measures to build up the federal floor,which was first established at 25 cents an hour in 1938 under Franklin Delano Roosevelt. Thirty states already promise their workers more than $7.25 an hour. West Virginians make at least $8.75 and Oregonians get $9.25, while employers in...
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Source: economist.com