Is a large proportion of American adults stuck in poverty-level jobs?

posted by
October 24, 2011
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"As workers age and, hence, gain experience, they are more and more likely to earn wages higher than the minimum. For example, in 2010 24.9 percent of workers aged 16-19 earned no more than the minimum-wage. But in that same year only 11.3 percent of workers aged 20-24 earned so little. The figure for workers aged 25-29 earning these meager hourly rates was lower still, at 5.5. This falling trend continues as workers age, so that the percentage of workers aged 60-64 earning wages no higher than the federal minimum was a mere 1.7." (10/23/11)

http://bit.ly/qS5q0k  

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