Minimum Wage

The majority of small business owners support increasing the federal minimum wage to $10.10 per hour and adjusting it yearly to reflect the cost of living: 57% of small business owners support increasing the federal minimum wage of $7.25 in three stages over two and a half years to $10.10, and believe that it should be adjusted annually to keep pace with the cost of living. (Small Business Majority poll)

Economists’ Support

Over 600 economists, including some Nobel Laureate’s signed a letter in support of a $10.10 minimum wage.  

NH Fiscal Policy Institute Minimum Wage Resource

nyt-minwage-infographic

[The horizontal red line in the Times graphic indicates the hourly wage necessary for a single parent working full-time with one child to avoid poverty.]

State Minimum Wage

HB 501 (2013)

      • Set the state minimum wage at $7.25 or the federal minimum wage law.
      • Tipped employees who receive more than $30 a month in tips directly from the customers will receive a base rate from the employer of not less than 45 percent of the applicable minimum wage.
      • Passed by the House on a roll call vote.
      • Killed by the Senate on a roll call vote.

Federal Minimum Wage

For Tipped Workers:

      • Members of Congress voted to increase their salary 13 times since they set the tipped minimum wage at $2.13 an hour…back in 1991.
      • Tipped workers make up the bulk of the working poor.  

For Hourly Workers:

        • The federal minimum wage is $7.75 an hour, about $16,000 per year, gross, for full time work.
        • In inflation-adjusted terms, the minimum wage, though higher than it was a decade ago, is still well below its 1968 peak (when it was worth about $10.70 an hour in today’s dollars), and it’s still poverty-level pay.
        • Almost a quarter of American children have a parent who earns minimum wage.

Raising the Wage Floor

      • Will boost the incomes of 30 million Americans.
        •  Full-time minimum wage workers earn just $14,500 a year, which for someone with two kids means living $3,000 below the poverty line. The wage isn’t enough to make rent in any state. Raising it to $10.10 an hour, on the other hand, would lift nearly 6 million people out of poverty.
      • Puts money into the hands of people who will spend it in their communities
      • Adjusts for inflation
        • If it had kept up with inflation since its peak in the 1960s it would be over $10 an hour.
      • Supported by Americans
        • A recent poll showed that 80 percent of Americans support raising the wage to $10.10 an hour, and that includes two-thirds of Republicans and nearly 80 percent of those making $100,000 or more.

[Source:americanprogressaction.org]

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