The first minimum wage was $0.25 per hour (equivalent to $4.18 today) and affected about 20% of the entire labor force. In 2012, according to the Bureau of Labor Statistics, there were 74.6 million workers over age 16 who were paid an hourly wage. Of this group, about 4.7% or 3.5 million were paid the minimum wage or lower.
Arguments about the benefits and potential chaos are presented in the news and has become a part of the politicians campaign rhetoric.
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