GITNUX MARKETDATA REPORT 2024

Minimum Wage And Poverty Statistics [Fresh Research]

Statistic 1

"In the United States, an estimated 21.3% of workers earning the federal minimum wage or below lived in poverty in 2019."

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Statistic 2

"Among OECD countries, the United States ranks 11th highest in terms of the minimum wage adjusted for the cost of living."

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Statistic 3

"In 2020, only 1.5% of hourly workers in the United States earned the federal minimum wage or below."

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Statistic 4

"A $15 minimum wage could cause an additional 900,000 people to be lifted out of poverty in the United States."

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Statistic 5

"The percentage of workers at or below minimum wage was higher among women (1.9%) than among men (1.1%) in 2020."

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Statistic 6

"In the European Union in 2021, 33% of workers in poverty earn either the minimum wage or below."

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Statistic 7

"In 2019, among workers who would benefit from a $15 minimum wage in the United States, 61% were women."

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Statistic 8

"Among countries with available data, 57% provide a minimum wage that falls below the poverty line for a family of two."

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Statistic 9

"A $15 minimum wage in the United States would benefit 22.1% of African American workers and 34.9% of Hispanic workers."

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Statistic 10

"Workers earning the minimum wage in Australia are 7.4% more likely to live in relative income poverty."

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Statistic 11

"In the United States, a $15 minimum wage could lift wages for more than 37 million workers."

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Statistic 12

"Over 21% of children in the United States lived in families with earnings below the federal poverty threshold in 2019."

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Statistic 13

"A $15 minimum wage would lead to an additional $92 billion in gross annual wages for affected workers in the United States."

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Statistic 14

"A 10% increase in the minimum wage is associated with a 2.3% to 5.3% reduction in the poverty rate among low-skilled individuals in Brazil."

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Statistic 15

"The poverty rate in 2019 for U.S. workers earning between the minimum wage and 50% of their state’s median wage was 17.6%."

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Statistic 16

"In Canada, the prevalence of working poverty was 5.3% in 2019."

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Statistic 17

"In the United States, 20% of the workforce who would benefit from a $15 minimum wage are parents of children."

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Statistic 18

"In 2021, the highest minimum wage among EU countries was €2,202 per month in Luxembourg, and the lowest was €332 per month in Bulgaria."

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