To the Editor:
Two bills in Congress to raise the minimum wage by about 95 cents per year for the next three years are HR1010 and S460. We, the undersigned, urge readers to contact their congressmen and senators to urge passage of these bills.
The minimum wage is now $7.25. If these bills pass, then over the next three years, the minimum wage would increase to $10.10.
Currently, if a worker is able to get 2,000 hours of work per year (in 50 40-hour weeks)—and unfortunately, not all can—he or she earns a yearly gross wage of $14,500, which is below the U.S. Department of Labor threshold of $1,245 per month ($14,940 annually) for receiving food stamps. If this worker’s wages increased by 95 cents an hour, he or she would earn $16,400 and thus would be raised above the poverty guideline. [Read more…]