Today brings news that CEO pay went up last year by 6 percent, bringing the average salary to $9.6 million per year for the head of a public company. Meanwhile, the federal minimum wage remains stuck at $7.25 per hour just $14,500 for a year of full-time, minimum wage work. As our recent infographic makes clear, with women underrepresented at the top and overrepresented at the bottom of the income scale, increasing the minimum wage is critical to women:
Some states are taking the lead to raise the minimum wage: eighteen currently have a minimum wage above $7.25 per hour, and legislatures in New Jersey, New York, Illinois, and Massachusetts are all considering minimum wage increases. But women in minimum wage jobs across the country work hard every day, and they all deserve a raise — it’s time to raise the federal minimum wage!