How many college graduates earn minimum wage?

by Grace

7.9% of minimum-wage earners have a college degree.  This translates to be about 260,000 workers

This and other minimum-wage facts are available from the U.S. Bureau of Labor Statistics.

50% of minimum age workers are age 16 to 24.

Most minimum-wage workers are not poor.  So while raising minimum wage would help some workers, it would probably not have much effect in reducing poverty.

… Less than a quarter of minimum wage workers live at or below the poverty line, while two-thirds come from families above 150 percent of the poverty line. In fact, the average family income of a minimum wage worker exceeds $53,000 a year.

President Obama continues to advocate for raising the federal minimum wage, and Oregon is currently engaged in a debate to raise it at the state level.

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Jeffry Bartash, “Breaking down who earns the minimum wage”, MarketWatch, Jan. 23, 2015.

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