With the President using the State of the Union address to call for an increase to the federal minimum wage rate to $9, and lawmakers introducing a bill yesterday that would actually increase that amount to $10.10 over the next two years, folks around the country are debating the merits and problems of the issue. But Costco CEO Craig Jelinek says he is firmly behind the move. [More]
Employees at a restaurant in San Francisco were working up to 14 hours a day, six days a week for only $4/hour. But now, in the largest settlement of its kind in the city, the restaurant owners will pay out $525,000 in back wages and penalties. [More]
When the calendar flips over to 2012, minimum wage workers in San Francisco will be making a bit more, as the city becomes the first local in the U.S. with a bottom-line pay rate of more than $10/hour. [More]
Many of the things you buy and own were touched at some point by Chinese hands, and those hands are about to get a little more expensive. The Guangdong province in China, the seat of the country’s manufacturing might, is going to get a 20% minimum wage increase starting January 1st, 2012. [More]
Confirming that no matter how bad the job market gets, America’s hunger for fast food makes burger-flipping a growth industry, McDonald’s announced plans to hire 50,000 new American employees April 19. [More]
A new study shows that increased minimum wage does not increase unemployment. [More]
Great news, laid-off Wall Streeters, minimum wage work just a got bit more lucrative! As of yesterday, the new minimum wage is $7.25 per hour.
Great news, minimum wage workers: if you spend the next year working without getting sick or, um, going on vacation, you’ll make $13,624! Uncle Sam’s $0.70 minimum wage hike is the second of three to take effect before next summer, but the meager raise is hardly a godsend for the working poor.
With all this talk about the new minimum wage we thought we’d take a look at the state minimum wage rates from across the country.
The federal minimum wage is rising to $5.85 this week, up from $5.15. The change is part of a plan to give minimum-wage workers an additional 70 cent boost each summer until 2009, when the minimum wage will be $7.50, or about $15,000 a year before taxes and without taking time off.