Some Facts About the Minimum Wage That You Probably Didn't Know

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1) Only 1 Percent Of The U.S. Labor Force Earns The Minimum Wage
2) Teenagers Comprise The Single Largest Age Group Of Minimum Wage Workers
3) Most Minimum Wage Workers Are Under The Age Of 25
4) A Majority Of Those Who Earn The Minimum Wage Work In Food Preparation Or Sales
5) Less Than 5 Percent Of People Who Earn The Minimum Wage Work In Construction Or Manufacturing
6) A Majority Of Them Also Worked Less Than 30 Hours Per Week
7) Less Than One-Third Worked Full-Time
8) A Full-Time Minimum Wage Worker In 2014 Will Make 24 Percent More Than The Federal Poverty Limit
9) One-Third Of Minimum Wage Workers Either Dropped Out Of Or Never Attended High School
10) There Are Nearly Six Times More Minimum Wage Workers Today Than In 2007
11) A Change In The Minimum Wage Often Triggers Union Wage Hikes And Benefit Renegotiations

In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment. The law says: it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum wage law does not provide any jobs; it only outlaws them; and outlawed jobs are the inevitable result.

Sources: The Federalist http://goo.gl/c85z33 , Thomas Sowell
Peter has been active on the C# and other MS newsgroups, has had samples at gotdotnet.com (now codegallery.com) that have been downloaded over 56,000 times, and has written numerous articles for eggheadcafe.com, for which he is a co-founder, and MSDNAA sites. He has also been a technical reviewer on books from Prentice Hall, Manning and other publishers. Peter was a Microsoft MVP for 10 years. Peter was born and raised in New York City, and after a stint as a jazz musician playing contrabass with the Robert Hunt Trio, migrated to sunny Florida, where he was hired as a rookie Financial Consultant at Merrill Lynch in Orlando, specializing in Corporate Services. It was at Merrill that Peter realized computers and technology were his forte. He spent his last few years at Merrill developing real – time computerized trading and and stock charting program using advanced technical analysis indicators, some of which are his own inventions. In 1997, he moved on to architect and serve as lead developer on a number of innovative web-based and middleware solutions for the healthcare and financial services industry.

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