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The federal minimum wage for non-exempt employees is $5.15 a hour. The Fair Labor Standard Act (FLSA) contains the federal wage provisions. Most of the states have their own minimum wage laws. Workers are subject to both federal and state minimum wage laws. In this case, companies are required to give the greater wage to their employees. If an employee does not get the minimum wage he's entitled to, then he can file a minimal wage claim to the Division of Labor Standards Enforcement (DLSE), or......Read More
In 1928 the cost of one postage was one cent, the labor for a vehicle tune-up was one dollar, along with labor cost to overhaul the engine and transmission was about $25. These facts strengthen the case for the dollar debasement that Austrian School economists have been creating for decades. Currency debasement is a consequence of monetary inflation. The Universal Law of Cause and Effect countries which each and every Effect has a Cause, also that each and every Cause or Action has a Effect. As......Read More
Why Raising the Minimum Wage is Good for the Economy.President Obama reiterated his call for increasing the federal minimum wage in his speech on the economy last week. "Because no one that works full-time in America should have to live in poverty, I'll keep making the case that we will need to raise a minimum wage which in real terms is lower than it was when Ronald Reagan took office," he explained. Increasing numbers of lawmakers and worker advocates agree, calling for increasing the......Read More
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