This is going around again, so here's some important context to understand the number. The $12,366 does come from an official source (US Current Population Survey) but is almost certainly incorrect. A better source (American Community Survey) puts the increase at $213. #mepolitcshttps://twitter.com/WhiteHouse/status/1320440490270040065 …
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Replying to @JamesxMyall
Minimum wage went up fairly sharply during that period. 2016 = $7.50/hour 2017 = $9.00/hour 2018 = $10.00/hour 2019 = $11.00/hour 2020 = $12.00/hour 2021 = $12.15/hour
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Replying to @TiffanyBond
Yes - I'm not sure that had a huge impact on the median household income. Minimum wage increases tend to impact the lowest earners most. Might be some small impact on the median.
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Replying to @JamesxMyall
It's a huge difference. We have *a lot* of folks making at or barely above minimum wage in Maine. It's painfully apparent in family law. 2 full time minimum wage earners in a household... 2016 = $31,200 2017 = $37,440 2018 = $41,600 2019 = $45,760 2020 = $49,920 2021 = $50,544
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Replying to @TiffanyBond @JamesxMyall
So your 2017 household made approx $4.52/hour above minimum wage...but your 2019 household made only approx $3.16/hour above minimum wage. Our median household income is creeping closer to minimum wage work.
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Replying to @TiffanyBond
Research suggests that minimum wage increases don’t have much effect on hourly wages which are more than 25% above the new minimum. So even in 2019, it’s not having much impact on people earning $13.75/hr or higher. Not hard & fast cutoff but impact on median income is v small
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I find the trend here worryingpic.twitter.com/rgpjxCKh1I
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