Special Report on
Federal Minimum Wage Goes Up
Federal Minimum Wage Goes Up - Trends
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There is a growing view among economists that the minimum wage offers substantial benefits to low-wage workers without negative effect. Although there are still dissenters, the best recent research has shown that the job loss reported in earlier analyses does not, in fact, occur when the minimum wage is increased. There is little question that the overall impact of a minimum wage is positive, as the following facts make clear: If the minimum wage were increased nationally to $7.25: o 14.9 million workers would receive a raise, o 80% of those affected are adults age 20 or over, and o 7.3 million children would see their parents ...
As a result of the balloting on November 7, 2006, many, if not most, of Nevada’s small businesses will have to give their minimum wage employees an increase in pay from $5.15 to $6.15 per hour. The new law, which is coming very rapidly into effect, established two separate tiers for minimum wages for the first time. If employers are not providing “qualified health insurance benefits”, they must pay a minimum of $6.15 per hour beginning Tuesday, November 28. “Qualified health benefits” means health insurance that covers the employee and the employee’s ... Read More
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FEDERAL MINIMUM WAGE GOES UP
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