11 Facts About The Minimum Wage That President Obama Forgot To Mention

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1) Only 1 Percent Of The U.S. Labor Force Earns The Minimum Wage
Despite the hoopla surrounding the issue, only a tiny percentage of American workers actually earn the federal hourly minimum wage:  1 percent, to be exact. In 2012, the most recent year for which nationwide minimum wage data is available from the U.S. Bureau of Labor Statistics (BLS), roughly 1.5 million hourly workers were paid the federal minimum wage of $7.25. To put that into perspective, the U.S. labor force consisted of nearly 155 million workers in 2012.



2) Teenagers Comprise The Single Largest Age Group Of Minimum Wage Workers
Teenagers between the ages of 16 and 19 years comprise 31 percent of all minimum wage workers in the U.S. according to the BLS. Workers between 20 and 24 years of age comprise 24 percent of all minimum wage workers, those between 25 and 34 years comprise 15.5 percent, workers between 35 and 44 years comprise less than 10 percent, and those 45 years and up comprise roughly 20 percent of all minimum wage workers in the U.S.



Read the rest here: http://thefederalist.com/2014/01/28/11-facts-about-the-minimum-wage-that-president-obama-forgot-to-mention-during-the-state-of-the-union/