One chart shows how workers making less than $15.30 an hour were hit especially hard during the pandemic

FILE PHOTO: People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020. REUTERS/Bryan Woolston/File Photo

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Workers who earned less than the median hourly wage saw greater job losses when the pandemic started and have seen a slower recovery, according to a new BofA Global Research report.

BofA calculates the median average hourly wage as $15.30, using Current Population Survey (CPS) data. That equates to a salary of around $31,000 a year. The current poverty rate for a single person in the US is $12,880 a year.

Per the progressive think tank Economic Policy Institute, the median hourly wage is “the wage at which half the workforce is paid more and half details ⇒

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