Double the minimum wage so that anyone working 40 hours a week has a chance to pull themselves out of poverty.
Why is this important?
Often those expressing concern about US debt complain about safety net programs for the very poor 15% of Americans.
• Poverty level is $22,314 for a family of four; full-time sales clerks earn about $20, 699.
• Minimum annual wage is about $15,600 for 40 hours a week.
• A worker can work just as hard as any CEO but still be poor.
• The very poor poverty level is about $11,000; they get all of $1.44 per-meal in Food Stamps.
If taxpayers stopped subsidizing low-wage businesses and required a living wage for all, there wouldn’t as much need for a safety net. Only 50% of full-time workers earn more than $44,100 annually.
