A new President is not the only change to come out of election day for Florida passed Amendment 2, the proposition to raise their minimum wage to $15 by 2026. The proposed schedule for the increase includes a jump to $10 an hour by September 2021, and a gradual further increase of a dollar per … Continue reading
Tag Archives: Minimum Wage
Will the Raise the Wage Act Work?
There Are Two Sides to Every Story: The Minimum Wage Dilemma
In his State of the Union Address, President Obama requested that Congress raise the minimum wage and challenged his opponents within Congress to live off $15,000 a year. The current Federal minimum wage stands at $7.25 an hour, and the president is asking that it be increased to $10.10 an hour as a way to … Continue reading
What’s the Impact of an Extra Dollar?
Recently the solution to decrease the wealth gap is to increase the living or minimum wage for workers. The Los Angelas City Council recently approved an increased minimum wage for hotel workers at establishments with at least 125 rooms to $15.37. New York Mayor de Blasio plans to sign an executive order to increase the … Continue reading
The Tipped Minimum Wage with a No Change Policy
Since Bill Clinton was elected into office, the minimum wage for tipped workers hasn’t changed. It’s been set at $2.13 an hour since 1991. Up until 1996, the tipped minimum wage was pegged to increase with increases in the minimum wage, but for nearly two decades that number has remained stagnant. To understand the tipped minimum … Continue reading
Increasing Minimum Wage Leads to Decreasing Economy
The hike in minimum wage from $7.25 to $10.10 could negatively impact the economy as seen in the American Action Forum’s analysis of a $1 increase in minimum wage from 2013, which shows a “1.48 percentage point increase in the unemployment rate, a 0.18 percentage point decrease in the net job growth rate, a 4.67 … Continue reading
The Cost of a Living Wage
The federal minimum wage is $7.25 an hour. Many states have implemented minimum wages that are higher than that. But, in most places around the country, the minimum wage is not enough to support a family’s basic needs. This is where the debate over implementing a “living wage” comes into play. The living wage, as the … Continue reading
At Minimum, a Call for Reform
During his State of the Union, President Obama’s call to raise the minimum wage generated enough buzz that congressional Republicans were barely to the steps of the capital building before they were voicing concern. Despite the surging popularity of this proposition, new research suggests that minimum wage increases may not benefit employees as matter-of-factly as … Continue reading
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