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Michael Medved

If You Work Full Time at Minimum Wage, You're Not in Poverty

President Obama recently declared: "It's time to raise the minimum wage because nobody who works full-time should live in poverty."

Actually, the current minimum wage of $7.25 an hour means people who work full time have already risen above the poverty level. Sean Davis, of The Federalist magazine, points out that $7.25 an hour, 40 hours a week, 50 weeks a year, puts an individual $3,000 above the federal poverty line, while a couple with two kids, where both parents work full-time at minimum wage, will earn $5,000 more than the official poverty threshold.

The best way to help families escape hardship is to help them get full-time jobs, not to force up their hourly wages. A legal mandate increasing the minimum wage means higher business expenses, leading to more part-time employment—and less of the full-time work that families need in order to climb the economic ladder.

The Michael Medved Show on AM 770 KTTH

Listen to Michael Medved every weekday at noon on Seattle's AM 770 KTTH.


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