One last note on minimum wage. The other line of attack against it is that it’s mostly going to benefit kids who work part time. Jared Bernstein pulls together the numbers that say it ain’t so.
From new analysis by the Economic Policy Institute of the President’s proposal:*
–84% of total affected workers are at least 20 years old.
–73% of the benefits of the increase go to those in the bottom half of the workforce by income level.
–47% of affected workers are full-timers, 83% work at least 20 hours per week.
–The average worker in the sweep brought home 46% of her household’s earnings in 2011 (from the White House fact sheet).