Posted by mybudget in incomemedian household income 12 Comment How much do Americans earn?
In my opinion, a minimum living wage is an amount that should allow anyone the wherewithal to afford a home, food, medical care and the other necessities of life.
Our capitalist system is very cruel to the entry level creatures that are the worker bees, and I feel there has to be a certain amount of socialism embedded into the fabric of our society to take care of all of us.
We have to remember that when the min wage goes up, so do related payroll costs. I wonder what a temporary elimination of the min wage might do for the economy? Would it cause a surge in hiring? Kosmo The Casual Observer July 27, at If you set the minimum too high, do you reduce the incentive for people to try to excel and move up the chain a bit?
Jim July 27, at 3: Half of those workers are under 25 years of age. Over half of the jobs are part time jobs. So changing minimum wage is much less of a big deal than some people think.
Or less than Microsoft clears in 2 months. Minimum wage should be indexed to inflation. Mouli Cohen July 29, at The politics of raising the minimum wage never changes though, and neither do the arguments against it. I agree with what you said, that minimum living wage is something that has to be agreed on.
Workers must be well-taken care of in order to become more productive. Chandler AZ August 23, at I suppose part of this has to do with the inflation that a sharp rise in wages would cause, but it makes living no less difficult for those trying to raise a family on minimum wage.
Dave August 24, at Dale Netherton January 20, at 5: Wage controls and price controls have never worked and have been tried for 40 centuries.
Is the human mind stuck on trying something that has never worked or is it just too incomprehensible that supply and demand for labor works in spite of the wishes of politicians to have an un-keepable promise to offer to gullible voters? The inflation rate over that period was about 3.
Minimum wage workers have actually lost ground. Yeah, good luck with that. Bink February 8, at 3:Methodology. The minimum wages listed refer to a gross amount, that is before deduction of taxes and social security contributions, which vary from one country to another.
Also excluded from calculations are regulated paid days off, including public holidays, sick pay, annual leave and social insurance contributions paid by the employer..
For the sake of comparison, an annual wage column is. Below is an essay on "Wages And Wage Earners Data Set" from Anti Essays, your source for research papers, essays, and term paper examples.
Wages and Wage Earners Data Set Determining how much a new employee or a recently promoted employee makes is a very difficult job. Wage and Wage Earners Research Process Paper University of Phoenix Research and Evaluation I RES/ Negussie Nega Purpose of the Research The way this information is layer out it will show us different wages for males, females, education in years, Occupation, Industry, married, not married, white, non-white, Hispanic, age groups, union, non-union, age.
Wage data are available by occupation for the nation, regions, states, and many metropolitan areas. Current Employment Statistics A monthly survey of the payroll records of business establishments that provides data on earnings of production and nonsupervisory workers at the national level.
Wages And Wage Earners Data Set Minimum Wage Minimum Wage This assignment is to address the minimum wage within the market structure and maximizing profits. Table A Current and real (constant dollars) earnings for all employees on private nonfarm payrolls, seasonally adjusted Oct.