Posts Tagged ‘minimum wage’

Minimum Wages Hikes Have Short-Term Negative Effects on Teens

January 27, 2014

US teen employment usually trends downward after a minimum wage hike, but only temporarily. In 1996, however, it continued climbing after the hike. The 2007 teen employment downturn was hugely exacerbated by the recession.

–from Idiosyncratic Whisk

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Minimum Wage Keeps Americans Below Poverty Line

December 6, 2013

In 1968, minimum wage kept a family of three above the poverty line. In 2013, it cannot keep a family of two out of poverty. The dashed prediction is based on the new proposed minimum wage law.

The Atlantic Cities

Minimum Wage Restaurant Work Costs Taxpayers $7 Billion a Year

October 18, 2013

More than 40% of food service workers get some form of government subsidy, mostly due to low wages and part-time work.

–from Businessweek.com

Minimum Wage in 1968 has Same Buying Power as $10.58 Today

December 17, 2012

CPI calculator

 

This great calculator released by the BLS allows a user to compare inflation over time. For comparison here, the minimum wage in 1968 ($1.60 an hour) is equal to $10.58 in 2012 dollars. Of course, the Federal minimum wage today is $7.25.

Click through the picture to try it.

–from the Bureau of Labor Statistics