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.
This chart appears in:
Previous chart: « Preliminary, not final.The Fed OT salary threshold relative to minimum wage, 1949–2016
Next chart: Projected share of workers benefiting from an increase to $15 by 2024 who are 19 or under versus 20 or older »