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Minimum Wage: A Graphic Story

Raising The Minimum Wage: The Graphic Story Of The Minimum Wage And The People Who Earn It In The United States. The federal minimum wage was last increased on July 24, 2009, when it rose from $6.55 to $7.25 per hour. It was the last step of a three-step minimum wage increase approved by Congress […]

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Minimum Wage Increase Would Give Up To 28 Million Workers A Raise

Increasing the minimum wage would give as many as 28 million American workers a raise. According to the Economic Policy Institute, raising the federal minimum wage from $7.25 to $9.80 per hour would give more than 28 million workers a raise. The increase would also create approximately 100,000 new jobs during three years, according to […]

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The Case For Raising The Federal Minimum Wage

Despite critics and naysayers the federal minimum wage in will celebrate its 75th anniversary in October. Some economists and many conservatives despise the federal minimum wage, but it has proven both popular and enduring. Due to political opposition, the minimum wage remained the same for a decade until 2007 when congress agreed to a three-step […]

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Minimum Wage Laws: A Brief History

Minimum wage laws prohibit employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a […]

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Minimum Wages Key To Cutting Working Poverty, Says ILO

ILO News– The International Labour Organization (ILO) has called on its 185 member states to adopt minimum wages as a way of reducing working poverty and providing social protection for vulnerable employees. “Minimum wages help protect low-paid workers and prevent a fall in their purchasing power, which in turn hurts domestic demand and the economic […]

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Payday Lenders Ordered To Stop ‘Deceptive And Illegal’ Payday Loan Practices

By DAVID HEATH, Center for Public Integrity— Controversial payday lenders that claim to be owned by Indian tribes and offer payday loans over the Internet have agreed to stop practices that federal authorities say deceive borrowers and violate federal laws. The agreement, filed in federal court, could save borrowers hundreds of dollars on each payday loan. […]

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As China’s Wages Rise, Is The Cheap Manufacturing Era Ending?

ILO News– Wages in China more than tripled between 2000 and 2010, leading to speculation about whether the era of cheap Chinese labor is over. The figures relate mainly to state-owned enterprises, known as urban units, but separate surveys show that wages in small and medium private enterprises are also rising sharply, although pay levels […]

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The Democratization Of The Stock Market That Never Happened

By Heidi Shierholz, Economic Policy Institute— Despite minute­-by-­minute dissection of the stock market in the news media, the share of the population of the United States owning stock is surprisingly low. Even when including shares purchased indirectly through retirement accounts, in 2010, less than half (46.9%) of all households had stock holdings. Less than a […]

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Study Finds 99% Of American Workers Get Decade Of Pain, Top 1% Net All The Income Gain

How well is the American economy providing acceptable growth in living standards  and income for most households? Economic Policy Institute’s The State of Working America, 12th Edition looks broadly at available data and concludes that the answer is simply “not well at all.” This is not because the economy has failed to grow, on average. […]

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Tuesday 17 April Is Equal Pay Day For U.S. Women

Tuesday, 17 April is Equal Pay Day. This date symbolizes how far women in the United States must work into 2012 to earn what men doing similar work earned in 2011. When the President Kennedy signed the Equal Pay Act in 1963, women were earning an average of 59 cents on the dollar compared to […]

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