Who Would Benefit from a Minimum Wage Increase in Ohio?
The federal minimum wage of $5.15 an hour has less purchasing power than in all but one of the past fifty years. Since 1968, the value of a minimum wage paycheck has fallen by more than thirty percent. A full-time minimum wage worker brings in only $10,712 a year. Fifteen states and Washington D.C. have taken action to implement state minimum wages that exceed the federal. Ohio is one of only two states to set its minimum wage below the federal, although the national rate applies to most workers here. The current proposal to raise Ohios minimum wage to $7.15 is comparable to laws that have passed in other states. The proposed Ohio legislation would directly affect 446,000 covered employees earning less than $7.15 an hour. Of those who would get a raise, the majority (60 percent) are women workers, more than 70 percent are age 20 or older, and more than three-fourths work at least twenty hours weekly. The lowest-earning forty percent of Ohio households, which take in just 16 percent of
