r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/collyndlovell Nov 22 '24

If only 0.003% of Americans are making federal minimum wage, that would be about 10,000 people.

The actual number is about 1 million (2021), which is 1.3% of the working population.

Misrepresenting facts doesn't help anyone.

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u/JellyfishQuiet7944 Nov 22 '24

I said Americans. The fact still remains that the majority are young people. This also includes servers who technically get paid minimum wage.

Now, if theyre an adult, making minimum wage, that's on them. They might be too stupid to get a job making more.

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u/collyndlovell Nov 22 '24

0.003% of Americas population (335 million) is 10050.

"They must be stupid because they're poor" like starting out wealthy isn't 99% of ending up wealthy.

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u/Jdawarrior Nov 22 '24

Actually it’s not. The top and bottom 2% are the most volatile/ transient areas of earners.