Posted on 12/26/2011 2:01:07 PM PST by Libloather
Wage Floor Is Increasing in 8 States in New Year
By CATHERINE RAMPELL
Published: December 23, 2011
Eight states will ring in the New Year with a higher minimum wage, under state laws that require wage floors to keep apace with inflation. San Francisco, one of the few cities that sets its own minimum wage above the federal level, is also raising wages for the lowest-paid workers in the new year. It will become the first big city in the country to require companies to pay their workers more than $10 an hour.
The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project. That is an extra $582 to $770 a year for a full-time minimum wage worker, and resets these states’ minimum wages to $7.64 to $9.04 an hour.
At that higher end is Washington State, which will become the first state in the nation to set its minimum wage above $9 an hour. For reference, the federal wage floor for most workers is $7.25 an hour.
(Excerpt) Read more at nytimes.com ...
Increasing Minimum Wage Helps Working Families
What a crock, these “journalists” are useful idiots.
If raising the minimum wager a couple of bucks creates jobs, imaging how many jobs would be created if they raised it to a thousand?!
More job losses.
Before or after taxes? Oh, and there's that mandatory Commiecare™ premium that's gonna hit - for every single person in the working family.
That or they raise their rates or both. Walter Williams has written some great articles on minimum wage follies.
Florida: $7.67 come 1/1/12
Obamaville residents will be pleased to hear this.
ML/NJ
a) decrease the number of employees until the number of employees times the amount of increase equals the amount of money I have to pay employees
b) reduce any benefits in order to increase the amount of money needed to cover the new mandate
c) increase the price of the goods or services and hope that customers don't become former customers
d) find a way to increase productivity so that the increased sale of goods or services is sufficient to cover the mandate and hope that employees won't say, "Hey, we're working harder so you should pay us more and if you don't we'll slow down our output or quit."
e) reduce my already extremely thin profit margin
f) go out of business
g) move to another state.
“(helps working families)”
Horsecrap it does.
There should be NO minimum wage laws.
“What is missed in raising the minimum wage is that it often has a ripple effect—SOME UNION CONTRACTS ARE TIED TO THE MINIMUM WAGE!!!”
That’s a good point. What is also missing is the increase in payroll taxes (Social Security, Medicare, Federal & State - where applicable - income taxes)...a direct transfer of wealth from an employer, through a patsy, to the government. There is no recouping of the Social Security or Medicare payments via tax returns - it is a direct contribution to the gubmint.
People shouldn’t discount the impact of this side of things; in NYC the city & state were begging the gubmint to pay bonuses to Wall Street people - regardless of whether or not they were merited - so the state & city could take their MILLIONS in income tax from those individuals (even if they were done via gubmint-bailed-out banks). If the taxpayers footed the bill for these payments into the state & city coffers, tough sh!t.
h & i definitely seem to be the modus operandi here in NJ; there isn’t much left here in terms of opportunity.
I’d wager all 8 of those states are libtard controlled... /s =.=
“There should be NO minimum wage laws.”
We’ve been down that road before; that is how our unions were born. Much of what they accomplished early on was great, and became law (things like weekends and lunch breaks); while they don’t serve much purpose today (in fact, they kill companies & municipalities/states), they rose from incredibly repressive conditions for people.
Marie Antoinette and Tsar Nicholas II suffered the fate of those who ignore the rumblings of complete mass discontent; our government learned and crafted a safety net so our ruling classes wouldn’t face the guillotine.
Many people do not quite understand what this minimum wage thing is all about... I am not union, but deal with and have to supervise union people... here it is... the majority of union contracts have their wages tied into the minimum wage... if the minumum wage goes up, they get an automatic wage increase... period.... end of discussion
Why did you add the parenthetical statement that it helps working families? It doesn’t, unless they are the lucky ones who don’t lose their jobs to more experienced workers who are worth the extra pay.
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