Rising minimum wages are bad enough, but generally we can offset them with price increases (remember that, though, next time you get ticked off about your camping fees going up). As an aside, not every business is in a competitive position that they can do this.
The title of this post is my alternative to Politico's headline which reads, "Barack Obama poised to hike wages for millions." What is actually happening is that Obama is proposing to raise the threshold for how much money an employee can make before he or she can be considered exempt from overtime rules (and thus exempt from filling in a time sheet).
There are about 2 million home care workers in the U.S. But currently they are not covered under minimum wage and overtime laws. That will change in January of 2015 under new regulations announced by the Obama administration.» E-Mail This » Add to Del.icio.us
The U.S. President Barack Obama will lay out his administration’s strategy focused on tackling climate change in a speech that could have major consequences for the Canadian oil and gas industry and may offer clues on the fate of the Keystone XL pipeline.
The $10.10 minimum wage discussion has gotten a lot of attention. But in 2011 only 3.8 million workers made at or below the minimum wage, and of these, at least half earn substantially more in reality through tips.
Obama's announcement yesterday that he wanted to substantially change the way salaried workers will likely have far more negative impacts on employment than his minimum wage proposals.