For minimum wage workers that'd be almost 14 hours of labor in the US (maybe more since they still have to pay the payroll taxes like SS). Given that many of those jobs aren't full-time, that could be 2-4 days of labor for many of those workers. If I'm reading [1] correctly, some 30% of the population earned income at the equivalent of full-time minimum wage income ($15,080) or less. So not most, but certainly a significant number.
And working some more numbers, $100 in a day (full-time shift of 8 hours) would be $12.50/hour. Which works out to $26,000/year. About 48% of individuals earned less than that in that year.
Yet Another Edit (YAE): At $26k/year a single individual with no dependents wouldn't actually be making $100/day. Like the poorer minimum-wage earners, they'd be losing SS and Medicare taxes. At that income they're also paying income tax and not (necessarily) getting it all back (like the minimum-wage earners would). If my brain engages I'll work the numbers for a single individual to actually get to bring home $100/day (ignoring state income taxes).
Note: I'm tired, may be misreading the intro block to the table, but this doesn't seem to be including the unemployed or those under the age of 15 and only those who report income (so those getting paid under the table aren't affecting the percentages).
And working some more numbers, $100 in a day (full-time shift of 8 hours) would be $12.50/hour. Which works out to $26,000/year. About 48% of individuals earned less than that in that year.
Yet Another Edit (YAE): At $26k/year a single individual with no dependents wouldn't actually be making $100/day. Like the poorer minimum-wage earners, they'd be losing SS and Medicare taxes. At that income they're also paying income tax and not (necessarily) getting it all back (like the minimum-wage earners would). If my brain engages I'll work the numbers for a single individual to actually get to bring home $100/day (ignoring state income taxes).
Note: I'm tired, may be misreading the intro block to the table, but this doesn't seem to be including the unemployed or those under the age of 15 and only those who report income (so those getting paid under the table aren't affecting the percentages).
[1] http://en.wikipedia.org/wiki/Personal_income_in_the_United_S...