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Bureau of Labor Statistics
Quick Hit
by Ellyn Fortino
Mon Jun 24, 2013

Report: $10.10 Minimum Wage Would Bring 6 Million Workers Out Of Poverty

Bumping the minimum wage up to $10.10 an hour would lift nearly six million workers out of poverty, according to a new report by Restaurant Opportunities Centers United, a national organization dedicated to bettering the wages and working conditions for restaurant workers.

That’s more than half of the 10.4 million individuals classified as the “working poor” in 2011. People who fall in the working poor category have been part of the labor force for at least 27 weeks, but their incomes are below the poverty level, according to the U.S. Bureau of Labor Statistics.

About 60 percent of the workers who would emerge from poverty via a minimum wage hike proposed in Congress would be people of color, the report found.

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Quick Hit
by Ashlee Rezin
Fri Sep 14, 2012

Retirement Insecurity In Illinois: New Report Illustrates Need For State IRA Program

More than half of Illinois’ private sector employees do not have access to a retirement savings plan through their jobs, according to a new study released by the Woodstock Institute.

The Chicago-based nonprofit, a research and policy organization focused on fair lending, wealth creation, and financial systems reform, analyzed data from the Bureau of Labor Statistics, the Census Bureau, and the Employee Benefits Research Institute.

The study, called “Coming Up Short: The Scope of Retirement Insecurity Among Illinois Workers,” found that 2.2 million private sector workers in the state, or 46.6 percent, had access to a retirement plan at their employers in 2010, while 2.5 million, or 53.4 percent, did not.

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