Rochester City: Just getting by on New York's minimum wage
By Jeremy Moule
Rochester City Newspaper, May 30, 2012
Say you’re working 40 hours a week for minimum wage, which in New York is $7.25 an hour. Before taxes, your Social Security contribution, and other deductions, you’re making about $290 a week. That’s $15,080 a year.
Now, consider this: the federal poverty level for a single person is $11,070. For one adult with one child, the level is $15,130. So if you’re making minimum wage, you are at or near the poverty threshold. And critics say that those standards underestimate, often substantially, what it takes...