Yes. Let's go with this logic. Do you know what percentage of people in this country make minimum wage (or less)? According to the BLS it's 2.3% of wage earners, which are 58% of workers, which are 78% of the population of adults.
So, 1.04% of the adult population of the US makes minimum wage.
In your logic, why should we set national economic policy based on 1%?
So, 1.04% of the adult population of the US makes minimum wage.
In your logic, why should we set national economic policy based on 1%?