You can’t be middle class if you earn the minimum wage in America today.
The American dream and the American reality have collided. In America we have always said that if you work hard and play by the rules, you can take care of yourself and your family. But the minimum wage is just $5.15 per hour. With a forty-hour work-week, that comes to a gross income of $9,888 per year. Nobody can support a family, own a home, buy health insurance, or retire decently on $9,888 per year!
What’s more, 30 million Americans—one in four U.S. workers—make less than $9 per hour, or just $17,280 a year. That’s not a living wage either.
The U.S. Census Bureau’s statistics for 2004 show the official poverty rate at 12.7 percent ...