1,007,000 Americans working full-time earn the federal minimum wage of $7.25 per hour. All of that pay, to all of those people, for all of 2014 adds up to $14 billion dollars. And that is less than half of what employees on Wall Street earned in bonuses alone.
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Source: Institute for Policy Studies.Lisa Wade, PhD is a Visiting Scholar at Tulane University. She is the author of American Hookup, a book about college sexual culture; a textbook about gender; and a forthcoming Introduction to Sociology text. You can follow her on Twitter, Facebook, and Instagram.