Tag Archives: USA Minimum Wage

U.S.A — While ordinary Americans fight for political crumbs, the rich get richer – opinion

 By MOHAMED HAMALUDIN

The federally mandated minimum wage is $7.25 an hour but the average actual wage is $19.33; for Florida, $16.

The average hourly wage of a CEO is $369 but can be as high as $9,000. The average hourly wage of a billionaire is $1 million but can be as high as $4 million.

Billionaires numbered 565 in 2017and their combined wealth was $2.7 trillion. By 2020, in four years of the Donald Trump presidency and a year of the coronavirus epidemic, their number rose to 614 and their wealth to $2.9 trillion. By April 10, the number increased by15 to 629 and their wealth to $3.2 trillion. Meanwhile, more than 20 million Americans have had to survive on about $333 per week in jobless benefits.          Continue reading

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