What percentage of employed teens make the minimum wage? And what percent of all minimum wage workers are teens?
Both questions are answered in the chart below, at least for the years from 2002 through 2010!...
From 2002 through 2006, the U.S. federal minimum wage was set at $5.15 per hour. Then, beginning in 2007, it began being raised once a year - first to $5.85 per hour on 24 July 2007, then to $6.55 per hour on 24 July 2008 and finally to $7.25 per hour on 24 July 2009, where it still stands today.
As of 2010, approximately the same percentage of teens earn the federal minimum wage or less as there are teens among the nation's minimum wage earners.
Labels: demographics, minimum wage
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