The inflation adjusted value of the US minimum wage is now $4.73, the lowest it has ever been. Minimum wage earners make up about 9% of the working population. In 2004 the mimumum wage is 33% of the average hourly wage, the lowest since 1949. It has been eight years since the last minimum wage increase. Gov. Schwarzeneggar vetoed a recent attempt to increase the California minimum wage by 50 cents per hour. Florida has placed an initiative on the 2004 ballot to increase the State mimimum wage by 50 cents per hour. Gov. Bush is opposed.
posted by Richard at
Friday, September 24, 2004
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home