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While the real value of the minimum wage decreased its value by 33%, the executives of the places that employ people for minimum wage earn at least 15 million dollars a year, some make 63 thousand dollars an hour which is ten thousand dollars more than the average annual income (Nader 1).
This article presents an overview of the issue of the rate of the minimum wage in the United States. The Fair Minimum Wage Act of established that the federal minimum wage would increase from $ an hour in to $ an hour in three stages by
NBER WORKING PAPER SERIES MINIMUM WAGES AND EMPLOYMENT: A REVIEW OF EVIDENCE FROM THE NEW MINIMUM WAGE RESEARCH David Neumark William Wascher Working Paper . Minimum wage laws set the minimum hourly wage a worker can be paid. A minimum wage of $, for example, means a worker cannot legally contract with an employer to work for below $ an hour. The federal minimum wage sets the wage for the whole nation. In , the minimum wage was $
The minimum wage Research Paper [meteor_slideshow slideshow=”arp2″] The federal minimum wage increased from $ to $ in July , then to $ in July and to $ in July In February , the nonpartisan Congressional Budget Office issued a report, “The Effects of a Minimum-Wage Increase on Employment and Family Income,” that explores two scenarios: Raising the minimum wage to $ or to $ The report concludes that there are distinct trade-offs.