Fri 31 Jul 2009
Fun With Numbers
Posted by USA / Simpleman under Balkers
[17] Comments
As of July 24 2009 minimum wage increased to $7.25 an hour. A person working 40 hours would make $290, after 52 weeks would gross $15,080 a year. Comparisons of income in table below.
Yearly Income Hourly Wage # of $7.25 hr. workers
$1 million $480 66
$10 million $4,800 662
$20 million $9,600 1,324
$100 million $48,000 6,620
The arithmetic I understand . Economist using political mathematics to justify these liberal wages as capitalism confuses me.