The influence of the minimum wage in the American economy is very small because most workers earn:

Name: The influence of the minimum wage in the American economy is very small because most workers earn:
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According to the Bureau of Labor Statistics, only 1.9% of workers in the United States earn the federal minimum wage of $7.25 per hour. This means that the majority of workers earn more than the minimum wage and therefore, the influence of the minimum wage on the overall economy is small.

The Influence of the Minimum Wage in the American Economy