Day: February 27, 2013

Minimum wage jobs on the decline, By Tami Luhby, February 27, 2013, CNNMoney: “The number of people working jobs that paid the federal minimum wage dropped last year, according to new labor statistics published Wednesday. An estimated 3.6 million people were paid hourly rates at or below the federal minimum in 2012, down from 3.8 million a year earlier. Just under 60% of all U.S. workers are paid hourly, according to the U.S. Bureau of Labor Statistics. An estimated 4.7% of those hourly workers make minimum wage or less, down from 5.2%, a year earlier. That share is the lowest since 2008…”