Figure E
The Raise the Wage Act would lift pay for more than a quarter of all U.S. workers: Number of workers (in millions) who would benefit if the federal minimum wage were increased to $15 by 2024
| Year | Directly affected | Indirectly affected | Total | Share of all workers |
|---|---|---|---|---|
| 2019 | 2.9 | 4.7 | 7.6 | 5.2% |
| 2020 | 7.3 | 8.3 | 15.6 | 10.7% |
| 2021 | 14.0 | 7.5 | 21.5 | 14.7% |
| 2022 | 18.4 | 8.6 | 27.0 | 18.3% |
| 2023 | 22.1 | 11.8 | 33.9 | 22.8% |
| 2024 | 28.1 | 11.6 | 39.7 | 26.6% |
Source: Economic Policy Institute Minimum Wage Simulation Model using data from the Census Bureau, Bureau of Labor Statistics, and Congressional Budget Office. See Cooper, Mokhiber, and Zipperer 2019.
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