Many people believe that teens benefit most from a minimum wage increase. While some teens work part time after school, live with their parents, and earn extra spending money, the reality of who a higher minimum wage helps may enlighten you.
According to the Economic Policy Institute, the average minimum wage worker is 36 years old. A whopping 89% are not teenagers, they are 20 or older. Believe it or not, more than 1 in 3 are 40 or older, more than half are women, over a quarter of them have children, and the majority work full time.
Walmart is boosting its starting salary for U.S. workers to $11 an hour, giving a one-time $1,000 cash bonus to eligible employees and expanding its maternity and parental leave benefits.
The retailer said changes to its compensation and benefits policy will impact more than a million hourly workers in the U.S, with the wage increase effective February 2018.
The company is also creating a new benefit to assist employees with adoption expenses.
Retail competitor Target raised their minimum wage for workers to $11 an hour back in October 2017.
The federal minimum wage is expected to be $12 an hour by 2020.
Many states in the south have no state minimum wage. Georgia and Wyoming have the lowest state minimum wage at $5.15 per hour, though the national mandated lowest pay per hour is currently $7.25 so that would take effect.
The District of Washington D.C has the highest minimum wage presently at $12.50 an hour.