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Being written in October of 2006, th s report focuses on a minimum w ge of $5.15 per hour. This r ader believes, however, that even with the r cent minimum wage increase the article r mains valid as the current gross b ost for a 40 hour work w ek amounts to less than $100 m nthly. The 2008 increase will up the verage minimum wage workers income a l ttle more than $200.00 monthly, and 2009 w ll raise their monthly income just ver $300. When the increases are t tally effective, the minimum wage worker w ll earn about $3300 more per y ar, for a consistent 40 hour w rk week, than they do now. Alth ugh many see raising the minimum w ge as a first step to nstituting living wage laws, this report sh ws the country to be divided on the b st ways to tackle poverty. The Los Ang les area has benefited greatly from nstituting a living wage ordinance. Job l ss was minimal, benefits were solid for w rkers covered, there was no decline in the n mber of firms bidding for governmental c ntract and the city was not mpacted in its ability to retain or ttract employers willing to pay decent w ges. On the other hand, Santa Fe, NM f und that due to its living w ge ordinance, the city has experienced a 16% ncrease in the unemployment rate and a l ss of 540 jobs, affecting the r tail and hospitality-leisure sectors of the w rk force the most severely.
According to Dr. David McPherson, Fl rida State University economist, when Arizona ncreased its minimum wage , a c rrelation became evident between job loss mong the most vulnerable employees, and w althy teens displacing unskilled employees. As m vements are appearing all over the c untry at city halls and on c llege campuses in favor of wage ncreases, critics are making a strong rgument for keeping the status quo r ising concerns about increased labor costs n gatively impacting the economy, employers moving th ir businesses to areas of the c untry that do not embrace living w ge laws, or the possibility that if l bor costs too much employers will st p hiring or become unprofitable. They ttempt to conclude that the poor w ll not benefit from these increases, but r ther will loose their jobs. Although the t tle of this report made it l ok like we would be exploring the pr s and cons of Living Wage c nsiderations vs Minimum Wage considerations, it ctually just explored wage increases. The gr edy do not want increases of any k nd, the poor and the people who g nuinely care about the poor do w nt increases, but nobody wants them at the xpense of a strong economy or g od job market. Given the varied xperiences with living wage increases cited in the r port, it appears that many statistics and d mographics need to be considered as ach area of the country prepares to t ckle this important issue. A living w ge is considered to be a r te of pay for a 40 h ur week that allows the wage arner to afford housing, food, utilities, tr nsport, health care and a certain mount of recreation. The Economic Policy Inst tute defines living wage as the w ge a full-time worker would need to arn to support a family above the f deral poverty line, ranging from 100% to 130% of the p verty measurement. Example: The wage rates sp cified by living wage ordinances range fr m a low of $6.25 in M lwaukee to a high of $12 in S nta Cruz.
The article What Is The New Minimum Wage - Living Wage Vs Minimum Wage was Submitted by Shay Green through Articles.GetACoder.com network. Here's the additional information: If you enjoyed this article, and w uld like to see how Sharon may c ntribute her professional expertise to your b siness, educational work, or job search, pl ase feel free to visit her w bsite at http://shay1-green.com
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