Question
In: Economics
What percentage of American workers get paid above minimum wage?
What percentage of American workers get paid above minimum wage? In general, why do such workers get paid more than the government-mandated minimum wage?
Solutions
Expert Solution
In the year 2017 , according to the characteristic of minimum wage worker about BLS 80.4 million worker age is 16 and older in US were hourly paid for their work which consist of 58.3& of the whole wages including the salary workers.
5,42,000 worker - earn exactly the wage set by federal as minimum wage
1.3 million - paid below minimum wage
By the bureau of labor statistics (BLS ) which estinmated that about 20.6 millions people are those who earn more than theminimum wage or paid more than the minimum wages .it make 30% of hourly , non self employed wokrer who are 18 or more in ages .
The worker are getting paid more than the set minimum wages becuase , those worker are experienced , skilled , dedicated etc for that compnay and if they left out there can be a loss for the company so they are being paid more than the minimum wage .
Rahul Sunny answered 2 years agoRelated Solutions
1. What percentage of American workers get paid above minimum wage? In general, why do such workers get paid more than the government-mandated minimum wage?
1. What percentage of American workers get paid above minimum
wage? In general, why do such workers get paid more than the
government-mandated minimum wage?2. Based on your previous responses, do you believe that the
minimum wage should be raised, lowered, remain as it currently is,
or be altogether eliminated? If you think there should be a
minimum wage, how would you arrive at the specific
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