Okay, But Why Is Minimum Wage So Low?

The federal minimum wage right now is $7.25. For someone working full-time, that translates to $15,060 per year, just $20 over the national poverty line.

The US minimum wage has been hotly debated since its beginning, so this week, we’re taking a closer look at its history, exactly who is making it, and dispelling some misinformation.

In 2023, almost a million hourly workers in the United States made minimum wage or less. And contrary to popular belief, they’re not all teenagers — many are moms earning half of their family’s total income. They’re working jobs you might expect, like retail and food service, but also jobs you might not have expected, like home healthcare workers. And here’s something important to know: the minimum wage doesn’t automatically increase with inflation. It has to be intentionally raised by Congress, something that hasn’t happened since 2009. Think about how much prices have gone up since then!

It doesn’t have to be this way. If we look at other countries around the world, or even America a few decades ago, we can see that wealth inequality has never been this bad. It’s not a fact of life; it’s not a necessary evil to have a good economy. It can change if we all talk to our friends and neighbors… and vote accordingly.

For a transcript of this episode, please email [e-mail].

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