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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
As free-market economists I'm not much into minimum wage legislation, in fact I'm rather against them. However as I watch what's going on in China right now, with the protests and strikes from the labor at the overseas production firms which are in their own country, I see that something has to be done. In China you are not permitted to go on strike at a Chinese company, and even though there are problems, they are not publicized because the Chinese government doesn't want that in their......Read More
Right, so this issue has been talked about widely caused arguments, tears, frustration and bloody murder. Instead of spending my time off on Christmas and New Year's relaxing, I have been reading and re-reading legislation, articles, documents and creating further personal enquiries because for the majority, this law makes zero sense and nobody until today has really been able to explain it clearly in a way that will be properly understood (myself included!) . The big question is: Who's......Read More
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