Affording Health Care and Education on the Minimum Wage
The federal minimum wage - $7.25 per hour - is often compared to the cost of living, the average wage and worker productivity. This paper shows it is well below historical levels in those comparisons but is even worse in terms of health insurance and a college degree. The authors look at how many hours it would take a minimum-wage earner to pay for year of college or buy health insurance.
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John Schmitt, Marie-Eve Augier