Who is paid minimum wage? Maybe fewer than you think

With minimum wage much in the news, the Federal Reserve Bank of St. Louis researched who and how many people in the U.S. earn the federal minimum wage. The Fed’s finding: “Currently, a little over a million workers are paid the federal minimum wage, and most of them are not employed full-time.” In addition, “A little less than a million workers are paid less than the federal minimum wage, a large majority of whom are employed full-time.” Here is the breakdown for 2014, according to the…
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