Say It Ain't So Already

How Does a Minimum Wage of $23.03 Sound?

November 10, 2009 at 5:02 PM Leave a comment

Here are some amazing statistics (but bear in mind, they are three years old, so things are undoubtedly even worse now).  Among them:

–  IF THE $5.15 HOURLY minimum wage had risen at the same rate as CEO compensation since 1990, it would now stand at $23.03.

–  A MINIMUM WAGE employee who works 40 hours a week for 51 weeks a year goes home with $10,506 before taxes.

– SUCH A WORKER would take 7,000 years to earn Oracle CEO Larry Ellison’s yearly compensation.

– 5 OF AMERICA’S 10 richest people are Wal-Mart heirs.

–  EXXON’S 2005 PROFIT of $36.13 billion is more than the GDP of 2/3 of the world’s nations.

– PARIS HILTON, who charges clubs $200,000 to appear for 20 minutes, stiffed Elton John’s AIDS benefit the $2,500-per-plate fee she owed.

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