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| | Minimum wage - Wikipedia, the free encyclopedia |
 | | The costs and benefits arising from minimum wages are subject to considerable disagreement among economists, though the consensus among economics textbooks is that minimum wage laws should be avoided whenever possible as the costs exceed the benefits. | | | The traditional view that minimum wages have significant negative effects on employment is straightforward if one assumes that labor markets for low-skill workers can be characterized as fitting the model of a perfectly competitive market, where the only role of wages is as a cost. | | | Alternatively, in the United States, many economists see the Earned Income Tax Credit (EITC, a wage subsidy) in the Federal income tax as providing the poverty-fighting benefits of the minimum wage without the non-budgetary costs, while being superior to most welfare state anti-poverty programs. |
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http://en.wikipedia.org/wiki/Minimum_wage
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| | Minimum Wage -- It Just Doesn't Add Up |
| | The federal minimum wage, first enacted in 1938, was meant to put a firm floor under workers and their families, strengthen the depressed economy by increasing consumer purchasing power, create new jobs to meet rising demand and stop a "race to the bottom" of employers moving to cheaper labor states. | | | The minimum wage would be $13.02 if had kept pace with domestic profits and $20.46 if it had risen with retail profits. | | | After the last minimum wage increases in 1996-97, the economy boomed with extraordinarily high growth, low inflation, low unemployment and declining poverty rates--until the Federal Reserve purposefully slowed economic growth by raising interest rates, a mistaken course it has since reversed. |
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http://www.commondreams.org/views01/0829-08.htm
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| | Minimum Wage Issue Guide: FAQs |
| | The minimum wage is a provision of the Fair Labor Standards Act (FLSA). | | | In some countries, the minimum wage is not universal for the whole country, but varies according to the industrial sector or the worker's age and gender. | | | The minimum wage law (the Fair Labor Standards Act) applies to employees of companies with revenues of at least $500,000 a year. |
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http://www.epinet.org/content.cfm/issueguides_minwage_minwagefaq
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| | DOL WHD: Minimum Wage Laws in the States |
| | Minimum wage rate and overtime provisions applicable to retail and service, commercial support service, food and beverage, and health and medical industries. | | | Under the state minimum wage law, premium pay is required after 48 hours in bowling alleys and for residential employees of institutions (other than a hospital) primarily engaged in the care of the sick, aged, or mentally ill. | | | Employers not covered by the FLSA will be subject to a minimum wage that is at least 70 percent of the Federal minimum wage or the applicable mandatory decree rate, whichever is higher. |
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http://www.dol.gov/esa/minwage/america.htm
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| | The real case against the minimum wage. By Steven E. Landsburg |
| | The economic logic of a livable minimum wage seems be very similar to the economic logic of a tax cut and rests on the assumption that the more money available to consumers (through higher wages or tax refund checks) the more consumers will spend. | | | The minimum wage is nothing but a huge off-the-books tax paid by a small group of people, with all the proceeds paid out as the equivalent of welfare to a different small group of people. | | | The minimum wage guarantees benefits to the working poor without requiring government employees to process claims at taxpayer expense. |
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http://www.slate.com/id/2103486
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| | Dennis Kucinich on the Minimum Wage |
| | The federal minimum wage is $5.15 and would be over $8.50, had Congress adjusted it for inflation over the past 35 years. | | | Putting decent wages in the hands of those who need the money is a far surer way to boost an economy than giving tax breaks to those with more money than they know what to do with. | | | In addition, over 115 cities and counties have passed living wage laws, applying higher wage standards to those working on public contracts or at companies benefiting from public subsidies or, in some cases, to direct government employees. |
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http://www.kucinich.us/issues/minimum_wage.php
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| | FRBSF: Economic Letter - The Minimum Wage (10/11/96) |
| | Ironically, the impact of the minimum wage increase may not be clear enough to help us measure the effects of the decision. | | | For example, various researchers have expressed reservations about the comparison group being used, whether the estimated effects are biased by employer anticipation of the minimum wage change prior to the "experimental" period, and also by the possibility that the long-run employment impact may be larger than the short-run employment impact. | | | A key difficulty in devising a "quasi-experiment" to assess the effect of the minimum wage on employment is finding a control group that is relatively unaffected by the minimum wage, for which employment growth provides a suitable baseline for comparison. |
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http://www.frbsf.org/econrsrch/wklyltr/el96-29.html
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| | AWI - Resources - Minimum Wage |
| | The current minimum wage represents a 4 percent change in the federal consumer price index for urban wage earners and clerical workers in the South Region for the 12-month period prior to September 1, 2005. | | | Pursuant to the language of the state constitutional amendment, the Agency for Workforce Innovation is to perform an annual calculation to establish a new minimum wage each year. | | | The definitions of “employer,” “employee,” and “wage” for state purposes are the same as those established under the federal Fair Labor Standards Act (FLSA). |
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http://www.floridajobs.org/resources/fl_min_wage.html
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| | Federal Minimum Wage Facts from G.Neil |
| | Like federal minimum wage, it is also mandatory to post these state minimum wage requirements. | | | The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). | | | When non-exempt employees are paid in other ways, such as salary, commission, or a piece-rate basis, their pay must generate an hourly rate of at least the federal minimum wage when divided by the total hours worked in the workweek. |
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http://www.fedminwage.com
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| | Calpundit: Minimum Wage |
| | There are plenty of ways to cut the costs of hiring for small businesses that don't have anything to do with the minimum wage- like waiving the payroll tax for a new hire for a period or time, for instance. | | | Paid at the minimum wage rate these workers would create more costs for the employer by being unskilled than their product is worth. |
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http://www.calpundit.com/archives/002945.html
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| | Minimum Wage -- 31100000 |
| | The effect of this dual coverage is that the employer must follow the higher standard, meaning the one most beneficial to the employee, when there are differing requirements in the laws. | | | The federal Department of Labor minimum wage is $5.15 an hour. | | | Businesses may not use tips as credit toward minimum wages owed to a worker. |
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http://www.lni.wa.gov/WorkplaceRights/Wages/Minimum
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| | Minimum Wage and Fairness [Mackinac Center for Public Policy] |
| | Because they work for less than the minimum wage, avoid social security payments and other taxes (except sales tax when they consume), and personally decide what workplaces are and are not safe--instead of waiting for the Occupational, Safety, and Health Administration to do it for them. | | | But everything has a cost, and in the arena of minimum wage, that cost falls disproportionately on two groups: the poor and the young. | | | The market has largely vaulted past government in the arena of wages (most workers make more than the mandated minimum) and ignored it elsewhere (illegal immigrants working for less than the mandated wage). |
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http://www.mackinac.org/article.asp?ID=674
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| | Whiskey Bar: Minimum Wage |
| | But even accounting for those partial distortions, the wage trend was extremely dismal for a the better part of a generation. | | | The obvious question - and the source of some of the incredulity - is how this contraction in purchasing power can be reconciled with the rise in household income and the unquestioned increase in material living standards since the early '70s. | | | Update 7/22 7:55 PM: I mistakenly reported that the calculation of the average hourly wage (actually: average hourly earnings) doesn't include salaried workers, which it does, and that it doesn't cover commissions and bonuses, which it also does. |
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http://billmon.org/archives/001605.html
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| | Coyote Blog: Case Studies on the Minimum Wage |
| | Proponents of a minimum wage law argue that it addresses poverty by raising incomes, and that the wage level should be such that it enables sufficient purchasing power for a basic standard of living. | | | The minimum wage tax, however, applies only to those who employ the lowest paid workers, and is imposed with little transparency or accountability. | | | These contractors may pay their workers more than minimum wage, but the workers are often twice as productive as ours, yielding a cost savings for us. |
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http://www.coyoteblog.com/coyote_blog/2005/03/case_studies_on.html
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| | Think Progress » Minimum Wage: By The Numbers |
| | Then when minimum wage gets put in place, people have more money to spend, businesses get their money back, and the economy is back in shape. | | | You say raising the minimum wage will help with an increase in the incomes of adults but what about the poor and teenagers who may lose their jobs because emloyers are cutting back on jobs. | | | Raising the minimum wage by $2.50 would for a person working 40 hours would raise their income by 50%. |
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http://thinkprogress.org/index.php?p=1092
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| | Characteristics of Minimum Wage Workers: 2004 |
| | 2 It should be noted that the presence of a sizable number of workers with reported wages below the minimum does not necessarily indicate violations of the Fair Labor Standards Act, as there are exemptions to the minimum wage provisions of the law. | | | Of those paid by the hour, 520,000 were reported as earning exactly $5.15, the prevailing Federal minimum wage, and another 1.5 million were reported earning wages below the minimum. | | | As such, the actual number of workers with earnings at or below the prevailing minimum is undoubtedly understated. |
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http://www.bls.gov/cps/minwage2004.htm
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| | US CODE: Title 29,206. Minimum wage |
| | Such minimum piece rates or employer piece rates shall be commensurate with, and shall be paid in lieu of, the minimum hourly wage rate applicable under the provisions of this section. | | | (2) No employer may take any action to displace employees (including partial displacements such as reduction in hours, wages, or employment benefits) for purposes of hiring individuals at the wage authorized in paragraph (1). | | | (1) In lieu of the rate prescribed by subsection (a)(1) of this section, any employer may pay any employee of such employer, during the first 90 consecutive calendar days after such employee is initially employed by such employer, a wage which is not less than $4.25 an hour. |
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http://www.law.cornell.edu/uscode/29/206.html
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| | Townhall.com :: Columns :: Minimum wage, maximum folly by Walter E. Williams - Mar 23, 2005 |
| | Were it an anti-poverty weapon, we might save loads of foreign aid expenditures simply by advising legislators in the world's poorest countries, such as Haiti, Bangladesh and Ethiopia, to legislate higher minimum wages. | | | It turns out that adults benefit from the discriminatory effects of minimum wages, and older adults benefit from Social Security intergenerational transfers. | | | If the minimum wage law has these effects, then how does it pass political muster? |
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http://www.townhall.com/columnists/walterwilliams/ww20050323.shtml
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| | WESH.com - Helen Thomas - Rich Senators Defeat Minimum-Wage Hike |
| | Under a Senate agreement, it needed 60 votes to pass. | | | At the same time, Enzi wanted to sweeten the pot for small business by providing tax and regulatory relief and to exempt small business from the Fair Labor Standards Act. | | | They get health insurance, life insurance, pensions, office expenses, ranging from $2 million on up, depending on the population of a state. |
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http://www.wesh.com/helenthomas/5183628/detail.html
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| | U.S. Minimum Wage History |
| | Multiplying the minimum wage by a work year of 50, 40-hour weeks gives the annual earnings that can be expected from a minimum wage job. | | | The red line is the poverty level annual income for a family of four. | | | States have departed from the federal minimum wage. |
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http://oregonstate.edu/instruct/anth484/minwage.html
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| | Minimum wage law |
| | If your employer is not paying you at least the minimum wage for all hours worked, you can contact Labor Standards at (651) 284-5005 or 1-800-DIAL-DLI and file a complaint. | | | What can I do if my employer is not paying the minimum wage? | | | Employees must be paid the current minimum wage rate, regardless of the method of compensation. |
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http://www.doli.state.mn.us/minwage.html
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| | Minimum Wage |
| | the proposal will also tie future increases in the minimum wage to the rate of inflation so that low-wage earners do not lose ground as the cost of living increases; | | | We support the House and Senate Democratic proposal to raise Michigan’s minimum wage to $7.15 an hour over a two year period.. | | | fines would be increased for companies who refuse to comply with minimum wage standards and workers denied a fair wage would be paid twice the compensation they are owed, plus legal fees. |
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http://www.miaflcio.org/rapidresponse/minimumwage
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| | Minimum Wage |
| | They even want to amend the U. Constitution to mandate a $10 an hour minimum wage. | | | Seeing public-sector union jobs vanish as more and more cities privatize such services as trash collection, labor leaders want to make outsourcing just as expensive and inefficient as using public sector employees. | | | Critics say that ACORN is out to derail welfare reform by bumping up wages to levels that are beyond the reach of most welfare recipients -- thus preventing millions of people from ever entering the workforce and guaranteeing that governments will forever remain in the welfare business. |
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http://www.ncpa.org/hotlines/min/1997.html
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| | NCPA Minimum Wage Issues |
| | 'Living Wage' is Controversial Among Economists Daily Policy Digest | | | Daily Policy Digest - How About a $30 an Hour Minimum Wage? |
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http://www.ncpa.org/hotlines/wagehtl.html
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