Impending Minimum Wage Rise Highlights Number of People Working at that Rate | Legal News | News Ticker

In 2006, Arizona passed a law that provided for a rise in the minimum wage designed to keep up with inflation. While this was and is still seen by many as a positive step, a review of the impending rise in the minimum wage also shines a light on just how many people are forced to work at this level of income. This revelation should alert anyone that there are many reasons as to why Arizona’s economy is struggling and why so many people continue to suffer through extreme financial difficulties.

According to official records, the minimum wage in Arizona is set to rise to $7.35 per hour, which is a raise from the previous level of $7.25. Tipped employees such as table servers will see their minimum wage rise to $4.35 per hour, up from $4.25. When someone computes what this total means in real numbers, it shows that those who are working for minimum wage will see their income increase by a total of $200 per year. The real numbers involved with minimum wage workers highlights how even those who are employed on some level would have serious problems surviving at a reasonable level.

In addition, the statistics regarding how many people who are working for minimum wage provide a glimpse at just how many people are struggling even though they may not be included in the unemployment rate. While many would assume that those who work for this wage are students and young people, statistics indicate that approximately 75 percent of those who earn at this level are adults. In addition, those adults who work for minimum wage are parents to over 200,000 children in Arizona.

Arizona Bankruptcy Lawyers

While many issues involving Arizona bankruptcy deal with people who are unemployed, those who are under-employed are also struggling badly. If this includes you or someone you love, you need to take that all-important first step towards securing your own financial freedom. This starts by taking a close look at your finances and plotting a course to recovery.

The Phillips Law Group recommends the experienced bankruptcy attorneys atArentz Law Group PLLC for all of your bankruptcy needs. Call today to schedule a free initial consultation!