According to EPI, raising the minimum wage to $15 per hour by 2024 would generate $144 billion in additional income for families who need it most, including 23.1 million women and 4.5 million single parents.
KRC noted that the PA minimum wage was half (51%) the value of the median wage ($1.60 vs. $3.15) for full-time full-year workers in 1968. In 2017, the median wage was $22.93 – over three times the minimum wage
The Keystone Research Center has found that 1 in 10 minimum-wage-eligible workers in PA has been the victim of wage theft by their employer.
KRC has calculated that parents with children account for 24% of the workers impacted by a minimum wage increase to $15 in PA. With one child adding $775 in monthly expenses for childcare in PA, that single expense is more than half the monthly income for a worker employed full-time at the current minimum wage of $7.25.
The Economic Policy Institute reports that raising the minimum wage to $15 per hour by 2024 would directly or indirectly increase wages for 29.2% of the wage-earning workforce.
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