Special Report on
Increase in Federal Minimum Wage
Increase in Federal Minimum Wage - 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 ...
Under federal law, the employer may pay new employees less than minimum wage less than 20, but not less than $ 4.25 an hour, but only for the first 90 consecutive calendar days of employment. The increase in the minimum wage does not seem to affect the rate, the law specifies that it should be $ 4.25 and makes no mention of any increase in federal minimum wage. If an employer hires a new employee and pays less than minimum wage under federal lawthe employer is prohibited from reducing the hours of an employee or reduce the salary of a current employee. The employer can not replace an ... Read More
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INCREASE IN FEDERAL MINIMUM WAGE
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