Yesterday President Barack Obama accepted the Nobel Peace Prize in Oslo, Norway, and made some remarks that could use a bit of context and explanation.
Obama said that "billions have been lifted from poverty." Though he didn’t provide a time frame, he was discussing the effects of the United Nations and the Marshall Plan, both of which began in the late 1940s. We haven’t been able to find any reliable statistics that go back that far,
Issues: poverty
Minimum Wage Workers and Poverty
Q: Is a minimum-wage worker officially in poverty?
A: A single person working full time at the minimum wage would be barely above the poverty line. A single parent would be below it.
FULL QUESTION
I have always believed that the poverty line was below minimum wage. Is the poverty line usually less than minimum wage? Historically has this situation improved over time?
FULL ANSWER:
The federal minimum wage has been $5.85 per hour since July 24,