Some North Texans’ pocketbooks have been hurting in recent days, with gas and food prices soaring nationwide. Plus, the Dallas-Fort Worth real estate market is out of control, with one study showing most Gen Z, millennial and baby boomer buyers can't afford to purchase a house in the area.
Now, new research reveals that a startling number of Texans aren’t earning a living wage. Nearly 40% of the state’s workers make less than $15 an hour, according to the global watchdog Oxfam.
The Lone Star State is also home to the largest number of folks raking in an hourly wage of less than $15: roughly 5.7 million workers. Next in line was Florida, with nearly 4.5 million employees falling short.
Meanwhile, the federal minimum wage has stalled out at a measly $7.25 an hour, the amount it’s stayed since 2009. But since then, that wage has hemorrhaged 21% of its value, according to Oxfam.
Oxfam is pushing for Congress to pass the Raise the Wage Act, which would boost the federal minimum wage to $15 by 2025. It would also completely nix subminimum wages for tipped workers, including food servers.
On a national scale, almost a third of workers make under $15 an hour, according to Oxfam. Still, certain states such as California, Missouri and Virginia have opted to raise their minimum wage instead of waiting for federal action. Texas, of course, has not.
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