Today's Liberal Media Minimum Wage Hoaxer
Reuters released a minimum wage hoaxer today.
The liberal media announced that the proposed minimum wage passed in the House would help blacks:
Proposed increases in the U.S. minimum wage would likely result in pay raises for around 2 million black workers, according to a study released this week by the Joint Center for Political and Economic Studies.
The Democratic-led U.S. House of Representatives earlier this month approved legislation to increase the minimum wage over two years to $7.25 per hour from $5.15 per hour — which would be its first hike in a decade.
But Senate Republicans on Wednesday blocked the bill, demanding it also include small business tax relief.
“Our analysis shows that this increase in the minimum wage would have a significant positive impact on African American families and communities,” said Ralph Everett, president and CEO of the Joint Center, a Washington-based think tank.
But, was this article really necessary? And, do blacks have a distinct advantage over other ethnic groups with the proposed wage increases?
Click to Engarge
This chart of data from the Department of Labor data from the year 2005.
From department of labor data:
About half of workers earning $5.15 or less were under age 25, and about one-fourth of workers earning at or below the minimum wage were age 16-19. Among employed teenagers, about 9 percent earned $5.15 or less. About 2 percent of workers age 25 and over earned the minimum wage or less. Among those age 65 and over, the proportion was about 3 percent.
Less than 3 percent of white hourly-paid workers earned $5.15 or less. Among black, Asian, and Hispanic hourly-paid workers, about 2 percent earned the Federal minimum wage or less. For whites and Hispanics, women were twice as likely as men to earn $5.15 or less.
From the latest available data, a higher precentage of whites will actually benefit the most from the wage hikes- more so than blacks or other ethnic groups. All groups would, of course, benefit- especially teenagers.
So, why would Reuters release such a pointless article?