This week marks six years since the federal minimum wage last went up—and the tipped minimum wage has been unchanged for more than a generation. NWLC, along with the National Council of La Raza and the National Urban League, just released two new analyses highlighting why increasing the minimum wage is especially important for Latinas and African American women.
Here are six key facts you need to know:
- If the minimum wage rose to $12.00 per hour by 2020, the Economic Policy Institute estimates:
- Nearly 4.2 million Latinas—43 percent of all working Latinas—would get a raise.
- Over 3.1 million African American women—37 percent of all working African American women—would get a raise.
- About two in five working Latina and African American mothers—and close to half of single working Latina and African American mothers—would get a raise.
- A woman working full time for the current federal minimum wage earns just $14,500 annually, more than $4,500 below the poverty line for a mother with two children.
- Since women are two-thirds of minimum wage workers, raising the minimum wage would help close the wage gap.
- Even in occupations that pay low wages, men still outearn women. In the low-wage workforce, African American women working full time, year round are typically paid just 73 cents and Latinas just 67 cents for every dollar paid to their white, non-Hispanic male counterparts.