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Bank on It: A Food Bank Blog


Minimum Wage Increases Falling Short

by Ashley Baughman

Low-income workers are still far from able to afford basic necessities after the minimum wage increased this July from $6.55 to $7.25 per hour (New York State minimum wage increased from $7.15 per hour). This is especially true in New York City.

While the increase is a step in the right direction, research conducted by Columbia University’s National Center for Children in Poverty shows that a family of four in New York City needs an income of up to $65,000 or more per year to afford basic necessities such as rent, food, health care, child care and transportation. Two parents working full-time (40 hours per week) for a full year at minimum wage would earn just more than $30,000 before taxes. To make ends meet, families are often forced to go without food, prescriptions or doctor’s visits.


 

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Comments (Comment Moderation is enabled. Your comment will not appear until approved.)
Britney Bennett's Gravatar The minimum wage of $2.30 per hour in the mid-1970's works out to $8.61 per hour today, so I'm not surprised that current wages aren't doing anyone any good.
# Posted By Britney Bennett | 10/16/09 11:26 AM
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