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When we think of the dominant political topics of the day, issues like health care, immigration, and foreign policy in the Middle East quickly come to mind, but it is a mistake to leave the minimal commission from the list. At the face of Republican opposition, congressional action is unlikely before 2015 at the first, but there's quite a bit away from Capitol Hill. States and municipalities across the country are leading a localized drive to increase the minimum wage who see an opening to......Read More
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
The UK has the lowest-ever unemployment and the highest-ever minimum wage. Data monitoring back to 2000 show no link between the wage level and unemployment. The minimum wage has risen faster than inflation during that time period. The statistics indicate that the traditional economic idea that rising wage costs reduce the number of accessible jobs might not be accurate. LONDON - It's one of the oldest and debates in economics: Does increasing the minimum wage increase unemployment, by making it......Read More
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