Doing the math on minimum wage
How is it that the people who scorn welfare are the same people who oppose President Obama’s proposal to raise the minimum hourly wage from $7.25 to $9 by 2015?
A person working full time for the current minimum wage earns $290 per week, or $15,080 per year. So, the combined annual income for a married couple working full time for minimum wage is $30,160.
If there are young children at home, the couple must find a way to pay for day care, or one of them must give up the job and stay home - and try to rear a family on wages well below the federal poverty line.
The fact is that if you look at it strictly by the numbers, going to work just doesn’t pay for some people.
Those willing to work full time must be rewarded, monetarily, for that decision.