and raising the minimum wage. First‚ I bet a lot of people remember their first jobs‚ but do they remember how much they got paid? The average minimum wage currently is $2.13 for tipped workers as long as the total is not less than 7.25 per hour. Minimum wage is a large economic issue in our country for especially young people or people who are undereducated and did not go to college. Hillary plans on changing minimum wage and raising it to $12. I know a lot of people think raising the minimum wage
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Should We Raise the Minimum Wage to the Average Pay Rate? April Alston Melisa Fennern Sharon Grady Nicole Huffman Terika White University of Phoenix BCOM/275 September 30‚ 2013 Michelle Maldonado “Should We Raise Minimum Wage to the Federal Average Pay Rate?” On the United States Department of Labor website it states that in 1938 it was decided that a federal minimum wage should be set. When it was set‚ it was set for the amount of $0.25 an hour. Now as of 2013 it is $7.25
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Minimum wages A minimum wage is the minimum amount of compensation an employee must receive for performing labour. In economic term‚ minimum wages is the price floor of the pay of the labour that set by the government. The minimum wages rate normally was fixed by legal authority as such‚ it is illegal to pay an employee less than the minimum wage. Our economic transformation goal is to make Malaysia a high-income nation by 2020‚ with a per capita income of US$15‚000 a year‚ however there are still
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The Minimum Wage: Who does it really affect? A very controversial question that often comes up is whether or not we should increase‚ decrease‚ or eliminate the minimum wage. The Last time we saw a change in the federal minimum wage was July‚ 24 2009. It was set to $7.25 and we haven’t seen a change since. “The average cost-of-living increase over the past decade is about 26 percent. This means that an item purchased ten years ago would have cost about 26 percent less than it costs to purchase that
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Some people may support minimum wage legislation because they believe it will help struggling workers to make ends meet. What do you think about that? Minimum wage‚ as a kind of price floor‚ refers to the least amount of money that employers can legally pay labors for per hour of work. Therefore‚ government sets a price that is under the market equilibrium price in order to reduce the poverty and ensure that young employees and minority will not be treated unequally. However‚ those aimed goals
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The Minimum-Wage Controversy The minimum wage sets a minimum on what employers are allowed to pay workers. In the United States‚ the federal minimum wage began in 1938 when the government required that covered workers in covered industries be paid at least 25 cents an hour. At that time‚ the minimum wage was about 40 percent of the average manufacturing wage. The minimum wage was raised occasionally‚ and by 1996 it had reached $4.25 per hour‚ which was only 33 percent of the average manufacturing
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ESLW310 02/11/2014 Minimum Wage The minimum wage is a big problem in the U.S. “Assembly Votes to Increase California’s Hourly Minimum wage to $9.25” report how our state’s minimum wage would raise over the next few years: “Under AB 10‚ the hourly minimum wage would increase to $8.25 in 2014‚ $8.75 in 2015 and $9.25 in 2016” (Gutierrez A4). The president of Obama also supports this vote. He said: “It is time to raise the American people’s wage.” But there many people disagree this suggest. People
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comes with a minimum wage hourly rate. Many teens taking on their first job are willing to take any pay and are therefore satisfied with this rate. The current minimum wage in California is $9 and $7.25 across the United States. The minimum wage must be raised because the cost of living has gone up severely‚ the cost of education has increased‚ and it will save the government money. Since the cost of living has sky rocketed‚ it has become almost impossible to raise a family on a minimum wage job. A person
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The concept of minimum wage is to ensure that employers do not pay wages below the mandated level. However this does not always happen instead this policy ends up hurting these workers and the economy in terms of lower job opportunities. This is because the increase of labor costs keeping all other things constant would eat into the net profits of the company. Therefore in order to offset the decrease in profits‚ the need for low skilled labor decreases and companies look for higher productivity
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Yet Minimum wage has been a continuing matter since its first establishment‚ and it is something everyone faces. Though‚ the recurring problem being brought up again and again is the issue of being underpaid‚ and is the set minimum wage fair? And will raising minimum wage be more beneficial or harmful in the long run? Through its history can society better understand and find a solution to this problem. Minimum wage was not instituted in the United States until the 1920s‚ and the idea of wages being
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