minimum wage

The concept of a minimum wage stirs quite a bit of debate across the web. There are blogs and websites like The Minimum Wage who support the idea of a minimum wage and would like to see a "stronger federal minimum wage." The idea being that people need to be paid a reasonable amount for their labor.

There are also those who are against the idea of a minimum wage altogether, and those who would like to repeal it. The reasoning being that wages are an agreement between employee and employer that does not benefit from government interference.

Regardless of where you stand on the issue, it's easy to agree that there are a lot of emotional arguments involved. Many would argue that people need a living wage. Others argue that families living on minimum wage need to make more money to survive. Amidst all of the emotion, there is limited discussion and analysis of the usefulness of the minimum wage.

Basic facts about minimum wage can't be ignored, no matter what your viewpoint might be. The requirement to pay minimum wage was started in 1947 at a little less than 50 cents per hour, and roughly 60 years later, it reached about $5.50 per hour. Many groups of employees are exempt from coverage, and it's mainly used by young entry level employees as supported by data from the Bureau of Labor Statistics.

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Latest blogosphere posts tagged “minimum wage”

• How do you feel about some at fox news suggestion that we should lower the minimum wage?

  
  http://diddy.name — Authority: 170
  Some commentators at fox new have suggested that the government should lower the minimum wage of .25 an hour to fix our economy. In other words take away from those who can least afford it, so that the the wealth can trickle upwards. And finally how do these people sleep at night?
  14 hours ago

• Proposed Minimum Wage of 8,500 Lempiras

  
  Honduras News - Daily News about Honduras — Authority: 439
  Negotiators from the labor unions propose to set a minimum wage of 8,500 lempiras, according to the leader of the Confederation of Workers of Honduras (CUTH), Jose Luis Baquedano.“In this country to live more or less, a worker must earn monthly lempiras of 8,500 to cover the cost of basic food, and health, housing, ...
  1 day ago

• News from around the state

  
  New Mexico Independent — Authority: 609
  A woman suspected of embezzling millions of dollars from a small Northern New Mexico school district offered to repay the money when confronted this summer, reports the Albuquerque Journal. Also from the Journal, a decrease in medical services for the poor could be one of the negative effects from the state’s ...
  1 day ago

• Pair held over $4m card skimming scam

  
  Ohaiyo Business Magazine — Authority: 137
  Police in Sydney have arrested two men over an EFTPOS scam which has so far netted more than $4 million from bank accounts in Western Australia. Thousands of Western Australians have had their card details stolen at several McDonalds restaurants across Perth since October. Police allege the 31-year-old Canadian man ...
  1 day ago

• Law Legal Job Q&A

  
  Ravi's Gadgets — Authority: 116
  15 years aged and inevitability to an Orange County job search?okay im 15 and need a job but i dont know where on earth to work or what kind of job is best16 year antiquated work hour limitations and minimum wage.?i am 16 years old. at my last available job (i was still only 16) [...]
  1 day ago

• The minimum wage machine

  
  Tomorrow Museum — Authority: 126
  “ The minimum wage machine allows anybody to work for minimum wage. Turning the crank will yield one penny every 5.04 seconds, for $7.15 an hour (NY state minimum wage). If the participant stops turning the crank, they stop receiving money. The machine’s mechanism and electronics are powered by the hand crank, ...
  1 day ago

• Most transparent WH: Do you know anything about 17 WH parties or 11 open houses

  
  C.O.P.S. — Authority: 132
  Nice to include 50,000 in WH holiday events but how secure is the White House? The Obamas’ first Christmas in the White House looked set to be a white one after Washington woke up yesterday to its biggest snowfall in years, leading the mayor to declare a state of emergency. It will also prove gruelling for the ...
  2 days ago

• Hope? Change? Dems hope they can ram socialized HC thru B4 XMAS

  
  C.O.P.S. — Authority: 132
  No change in Dems buying votes so they don’t have to talk to their constituency about Obamacare. Legislators in the US senate have passed a highly contentious healthcare reform bill that could lead to significant changes in the countrys medical system. Democrats unanimously backed the bill in a vote that began at ...
  2 days ago

• Is Santa a Democrat or a Republican?

  
  American Conservative Daily — Authority: 461
  Satire By John W. Lillpop While nearly everyone has weighed in with speculation as to the likely party affiliation of Jesus, not much has been written about Santa Clause. Would the jolly old man be a Democrat or a Republican? Consider Santa’s Democrat tendencies: * Is a multilingual globalist * ...
  3 days ago

• News From Washington, D.C.

  
  Unheard No More! — Authority: 428
  December 20, 2009 Washington, DC residents are snowed in as one of the worst snow storms to hit the city in over 100 years dropped 22 inches of snow to blanket the city in white. Senators worked through the blizzard yesterday and will be working late into the evening and early morning to pass the health ...
  3 days ago

• Merely because the department did not issue a show cause notice within the specified period, supplier of manpower cannot escape the liability

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 159
  5. I have considered the submissions made by both the sides. First of all it is required to be examined whether the service is covered by the definition or not? To appreciate the facts better, the annexure to the contract which is relevant &... [[ This is a content summary only. Visit my website www.taxguru.in ...
  3 days ago

• Crew finds Centaur shipwreck

  
  Ohaiyo Business Magazine — Authority: 137
  A search team has discovered the wreck of Australian wartime hospital ship Centaur. The WWII ship was torpedoed by a Japanese submarine in 1943 and sank off the south-east Queensland coast. Of the 332 people on board the AHS Centaur only 64 survived. This morning, seven days into an official search, the crew of the ...
  4 days ago

• Milestone in stem cell research for heart attack recovery

  
  C.O.P.S. — Authority: 132
  But they are adult stem cells not embryonic stem cells. If youve just had your first heart attack, doctors may one day be able to reverse the damage done with stem cell therapy. An intravenous method of injecting stem cells into patients who had experienced heart attacks within the previous 10 days suggested that ...
  4 days ago

• Obama’s love of AF1 vs. thrifty Queen of England

  
  C.O.P.S. — Authority: 132
  Queen took the regular train for her Christmas trip. She did use 1st class section of the train. There was a buzz at King’s Cross this morning as platform 11b began crawling with police. Could it be a drug bust, the crowd wondered? Or was a rock star about to board a train? Then a small lady in a headscarf ...
  4 days ago

• More Krugman bashing

  
  Kayak2U — Authority: 468
  Ill never understand how that man persists at the New York Times.  Of course, Ill never understand how the Times persists as it does. Following up yesterdays harangue , comes John Galt to drive a few more knowledgeable nails into the intellectual coffin of the renowned economist.  Enjoy.
  5 days ago

• The dissembling Krugman

  
  Kayak2U — Authority: 468
  Krugman posted yesterday that there is no merit to the idea of cutting the minimum wage , even in these times of high unemployment.  Many of his commenters questioned his reasoning.   Ezra Klein kowtowed , of course, but many of his commenters made with the ridicule.   Lucas Engelhardt at Mises.org ripped ...
  6 days ago

• GW News: Pelosis Carbon Footprint to save the world

  
  C.O.P.S. — Authority: 132
  Pelosi and fellow dems flew jets to Copenhagen for photo-op. House Speaker Nancy Pelosi is leading a large delegation on at least two Air Force jets to Copenhagen for the climate summit -- where participants harshly condemn the use of jet airplanes for the high amounts of CO2 they emit. "This may be the largest ...
  6 days ago

• Government decided to hike the minimum wages to Rs 100 from existing Rs 80 per day

  
  LEGAL & FINANCIAL UPDATES FROM TAX GURU — Authority: 159
  Bringing relief to the working class of the country facing an unprecedented price rise, the government has decided to hike the minimum wages to Rs 100 from existing Rs 80 per day. "The decision to hike minimum wages to Rs 100 per day would be... [[ This is a content summary only. Visit my website www.taxguru.in for ...
  6 days ago

• Earn Money on eBay Without Selling

  
  This Job's For You — Authority: 133
  We have all heard of people making fortunes selling old collectibles on eBay, but this is not the only way to earn money on eBay.  In fact, you can make money on eBay without selling a thing.  This is how you do it.Five years ago, I remember reading a story in Fortune Magazine about someone [...]
  6 days ago

• A Jobs Solution for the Amoral and Immoral

  
  Main Street — Authority: 131
  On Monday, Washington Post editorial page staffer Charles Lane had a fantastic idea for solving the jobs crisis. Fantastic, that is, if you hate working people and the very concept of fairness. His idea, you see, was lowering wages for construction workers and low-wage workers. How? By repealing the Davis-Bacon Act, ...
  6 days ago

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