Evan Rodd, PayScale
“Should we raise the federal minimum wage, and if so, how high?” This has been a popular topic of conversation in recent months, especially as wages and profits are beginning to increase across various industries.
A recent post on UpWorthy by the National Low Income Housing Coalition outlined how many hours one would need to work in each US state in order to afford a two-bedroom apartment at Fair Market Rent. Even in states where the minimum wage exceeds the federal minimum wage, it seems the average workweek would have to be around 80 hours, with some states going well over 100. In California, one would have to work 129 minimum wage hours per week to afford rent, and in New York it’s 139 hours. It seems in these states, even earning double the minimum wage won’t let you have a 40 hour workweek.
What do you think, should we raise the federal minimum wage?