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Topic: Maximum wage

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In the News (Sun 21 Jul 19)

  Minimum Wage for Maximum (Political) Gain | TPMCafe
Democrats are right to put the minimum wage at the top of their list, but not for the reasons many advocates and supporters believe.
The pay-off to successful passage of a minimum wage increase is a political prize, not an economic one.
With the minimum wage at its lowest level (in real dollars) since 1968, a worker toiling forty-hours a week for fifty two days a year earns only $10,700, and is unlikely to have health benefits, savings, or a retirement plan, according to the Brennan Center for Justice.
www.tpmcafe.com /blog/specialguests/2006/nov/27/minimum_wage_for_maximum_political_gain   (1079 words)

  Minimum wage - Wikipedia, the free encyclopedia
The costs and benefits arising from minimum wages are subject to considerable disagreement among economists, though the consensus among economics textbooks is that minimum wage laws should be avoided whenever possible as the costs exceed the benefits.
The traditional view that minimum wages have significant negative effects on employment is straightforward if one assumes that labor markets for low-skill workers can be characterized as fitting the model of a perfectly competitive market, where the only role of wages is as a cost.
Some say that if developing countries had minimum wages, or minimum wages commensurate of those of developed countries, that jobs would not be exported to these poor individuals and their opportunity for economic advancement would be impeded.
en.wikipedia.org /wiki/Minimum_wage   (3274 words)

 Encyclopedia: Minimum wage
Higher wages encourage a higher willingness of low-skill workers to stay with their current employers and to gain experience and skill, while the employers are more willing to train them.
The National Minimum Wage Act 1998 was a flagship policy of the Labour Party in the UK during its 1997 election campaign and is still pronounced today in New Labour Party circulars as an outstanding gain for ‘at least 1.
Wage slavery is a term expressing disapproval of a condition where a person is compelled to work in return for payment of a wage.
www.nationmaster.com /encyclopedia/Minimum-wage   (6230 words)

 Minimum Wage   (Site not responding. Last check: 2007-11-06)
In the United Kingdom, the minimum wage is currently £4.50 an hour for those 22 years old or older, while the rate for workers aged 18 to 21 is £3.80 an hour.
In the United States, the federal minimum wage is $5.15 per hour, although workers under age 20 can be paid $4.25 an hour for their first 90 days.
If, however, minimum wages are implemented by providing wage subsidies the burden is transferred elsewhere as an externality, so there would not be increased unemployment but possibly some other economic damage instead.
www.wikiverse.org /minimum-wage   (894 words)

 Maximum wage -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-11-06)
It is a related concept to the (The lowest wage that an employer is allowed to pay; determined by contract or by law) minimum wage, which also aims to preventing the distribution of wealth from becoming overly lopsided.
This system has been imposed by some (additional info and facts about social democratic) social democratic governments such as that in power in (A Scandinavian kingdom in the eastern part of the Scandinavian Peninsula) Sweden in the (The decade from 1960 to 1969) 1960s.
As president, Biafra would have used the maximum wage to increase taxes for the wealthy and eliminate taxes for those in the lower and middle class.
www.absoluteastronomy.com /encyclopedia/m/ma/maximum_wage.htm   (271 words)

 ACTU: News: Enterprise Bargaining, The Living Wage Claim, & Safety Net Adjustments - 30 November 1996   (Site not responding. Last check: 2007-11-06)
The Living Wage claim reflects the view that the fixing of fair and reasonable award rates of pay should be based on a standard which is sufficient for a worker to belong to and participate in the Australian community.
The Living Wage claim sets a minimum award rate (to be reached in three stages), based on established AIRC Award skill relativities, which meet the 'needs' basis of workers and their families, and is set on fair 'market' rates.
DIR estimated wage outcomes at 5.6% for the June quarter of 1996, and 4.7% for the March quarter compared to LIN at 7% (June) and 6.3% (March).
www.actu.asn.au /public/news/1058422033_31690.html   (4125 words)

 Wisconsin Workers Compensation - Wage Information for Voluteers, Paid On-call Members of Fire Departments, Rescue ...
DWD 80.30 establishes the average weekly earnings to be the maximum in effect on the date of the injury except where a specific showing may be made in individual cases where the maximum is not proper.
If the maximum rate is thought to be not proper for a volunteer and/or paid on-call member of fire departments, rescue squad or diving team, the AWW is then based on the equivalent earnings for a full-time position with the nearest full-time (career) fire department.
Thus, the AWW will be set at the maximum rate for the year of injury unless/until rebutted with the equivalent wage for a full-time position from the nearest (career) fire department.
www.dwd.state.wi.us /wc/insurance/training/wages/volunteers.htm   (1024 words)

 Encyclopedia: Minimum Wage
In the United States and other countries, minimum wage laws were a common demand of labor unions 1894 was a common year starting on Monday (see link for calendar).
In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand.
Wage Regulation refers to attempts by the Government to regulate wages paid to citizens.
www.nationmaster.com /encyclopedia/Minimum-Wage   (6230 words)

 "Maximum Wage" Law [Mackinac Center for Public Policy]
All other things remaining the same, when wages in an occupation go up (perhaps because of an increased demand for the kind of labor involved or because fewer people are entering that field), it tends to attract a larger supply or put a damper on demand, or both.
If wages would naturally rise to a certain level because of the supply of and demand for labor, but the government puts a cap on them at some lower level, the result would be a shortage of labor.
We will never have a government-decreed "maximum wage" unless the American people decide they want to scrap their heritage of freedom, ignore economics, and hand control of their lives and businesses to politicians—who most of the time don't know how to balance their own checkbooks, let alone that of the national government's.
www.mackinac.org /article.aspx?ID=3806   (581 words)

 ipedia.com: Minimum wage Article   (Site not responding. Last check: 2007-11-06)
Some states also have minimum wage laws ranging from $2.00 in Oklahoma (for some jobs not covered by the federal rate), to $7.16 an hour in Washington.
In Sweden there is no minimum wage by law, but is instead set by an industrial collective agreement.
Minimum Wage is also the name of a 42-second song by the alternative rock duo They Might Be Giants.
www.ipedia.com /minimum_wage.html   (841 words)

 Minimum Wage, Maximum Intervention, Part 2   (Site not responding. Last check: 2007-11-06)
All arguments for the minimum wage come down to this: since no family can survive on an income lower than the minimum wage, it is the job of government to mandate a minimum wage to keep people out of poverty.
It is obvious that the minimum wage advocates do not pursue their own logic, because if they push it to such heights, virtually the entire labor force will be disemployed.
Republicans are not at all averse to raising the minimum wage — as long as their plan is adopted.
www.fff.org /freedom/fd0512e.asp   (1703 words)

 White Opinion No. MW-397   (Site not responding. Last check: 2007-11-06)
You also wish to know the amount of wages to be used in applying article 5221b-1(e) when the maximum amount of wages defined in the Federal Insurance Contribution Act changes between the time the wages are earned and the time a claim for benefits is filed.
In applying the alternative qualifying provision of article 5221b-2(e), the commission used the F.I.C.A. maximum wage in effect for the year in which the claim was filed instead of that in effect in the year in which claimant's high quarter fell.
The maximum wages to be considered for unemployment benefits are the wages received by the employee not in excess of the maximum wages defined in the Federal Insurance Contributions Act at the time they were earned.
www.oag.state.tx.us /opinions/op46white/mw-397.htm   (1063 words)

Maximum Ratio was pioneered by Ben and Jerry's who's company policy said no employee may earn more than 7 times another.
Maximum ratio could be easily implemented by making corporate tax rate equal to the ratio between the highest compensated and lowest compensated within that company.
Maximum ratio states to the employer, "If you can afford to raise the owners salary then you can afford to raise the workers salary." This approach is highly responsive to economic forces.
www.geocities.com /CapeCanaveral/Launchpad/5577/philo/minwage.html   (1355 words)

 Minimum Wage Issue Guide: FAQs
The federal minimum wage is a wage floor of $5.15 an hour that applies to almost all workers.
A study of a 1999 state minimum wage increase in Oregon found that as many as one-half of the welfare recipients entering the workforce in 1998 were likely to have received a raise due to the increase.
If the minimum wage is raised to $7.25 by 2009, these two policies would work in tandem to raise the income of a family with one full-time minimum wage worker above the 2007 poverty line of $17,170 for a family of three.
www.epi.org /content.cfm/issueguides_minwage_minwagefaq   (2482 words)

 Minimum Wage Issue Guide: Facts at a Glance
Adults make up the largest share of workers who would benefit from a minimum wage increase: 79% of workers whose wages would be raised by a minimum wage increase to $7.25 by 2009 are adults (age 20 or older).
Women are the largest group of beneficiaries from a minimum wage increase: 59% of workers who would benefit from an increase to $7.25 by 2009 are women.
A recent study of a 1999 state minimum wage increase in Oregon found that as many as one-half of the welfare recipients entering the workforce in 1998 were likely to have received a raise due to the increase.
www.epi.org /content.cfm/issueguides_minwage_minwagefacts   (1275 words)

 [No title]
Public workers in Israel can be considered to be receiving "minimum wage," whereas in practice their wages are much higher than that rate.
The Knesset's generous linkage of minimum wage to average wage is also almost unheard of in the western world.
Israel's achievements in the realm of minimum wage are routinely held up as an example to emulate in some of the most developed countries in the world, including Holland, France, Ireland, and even Sweden, which has no minimum wage legislation at all.
www.ynetnews.com /articles/0,7340,L-3235885,00.html   (681 words)

 Democratic Underground Forums - Why not a MAXIMUM wage?
But like I said earlier, I rather not see a maximum wage since it could result in what you said, but rather start taxing the hell out of higher incomes so that all that money is better redistributed through out society.
A government solution (maximum wage cap) is sheer folly because (1) legislators will never support a maximum on how rich their donors can get and (2) goverment progamrs are notoriously fl and white.
A maximum wage sounds like a good idea at first, but when I think about it awhile, I don't think it's a good idea.
www.democraticunderground.com /duforum/DCForumID60/24416.html   (3218 words)

 Championship Manager 4 - PC Game Cheats & Trainer   (Site not responding. Last check: 2007-11-06)
For instance, to comply with a scout/coach's request which is higher than your board's maximum wage structure for scout/coach position.
This trick works mainly for scouts and coaches as their wage structure is usually lower than assistant managers.
Please note that this trick allows you to increase your wage structure to sign most scouts or coaches but it is is dependent on your club's wage structure for an Assistant Manager.
www.cheatheaven.co.uk /pc-cheats-1/championshipmanager4.htm   (380 words)

 Maximum wage   (Site not responding. Last check: 2007-11-06)
A maximum wage is an enforced limit to how an individual can earn.
It is a concept to the minimum wage which also aims to preventing the of wealth from becoming overly lopsided.
A maximum wage can be implemented through direct limit on earnings or indirectly by taxation whereby the top earners in a are taxed extremely high percentages of their This redistribution of wealth provides more funds government to assist poorer people (e.g.
www.freeglossary.com /Maximum_wage   (313 words)

 Walter Williams: Minimum wage, maximum folly - Examiner.com
Actually, the federal minimum wage is $5.15 an hour, and 17 states mandate a higher minimum wage that approaches $7 an hour.
Workers earning the minimum wage or less tend to be young, single workers between the ages of 16 and 25.
The effect of minimum wages is that of causing unemployment among low-skilled workers.
www.examiner.com /printa-89545~Walter_Williams:_Minimum_wage,_maximum_folly.html   (635 words)

 Nation's Restaurant News: Minimum wage gets maximum visibility as bills circulate
Proponents of a hike, however, argue that the federal starting wage has not been raised since 1997 and that an increase is long overdue.
"A 10-percent increase in the minimum wage causes an 8.5-percent decline in the employment of African Americans (aged 16-24), a 5.7-percent reduction in teenage (aged 16-19) employment, an 8.5-percent decline in non-high-school graduate employment (aged 20-24)," the study says.
An entry-level wage hike bill was introduced two weeks ago in the Council of the District of Columbia that seeks to raise the minimum wage from $6.15 an hour to $7 by Jan. 1, 2006.
www.findarticles.com /p/articles/mi_m3190/is_28_38/ai_n6114998   (1256 words)

  [Bluegrass Institute]
The institute studied employment patterns between 1998 and 2002 and found that young workers who start out at minimum wage don’t remain on the bottom of the pay scale for long.
Overall, minimum-wage workers experienced median wage growth of 10.4 percent compared to only 1.7 percent for the rest of the workforce.
An analysis cited by the Southern Economic Journal concluded that for every 10 percent increase in the minimum wage, employment for teenagers decreased by 5.7 percent.
www.bipps.org /ARTICLE.ASP?ID=299   (449 words)

 Archive | December 1997 | Minimum Wage, Maximum Harm
Many young people who are offered work, which is legally excluded from the minimum wage law, destroy their opportunities to gain experience by demanding minimum wage.
How hard it is to see clearly that the choice is not between $10 a day and the minimum wage, but between $10 a day or nothing.
If a person is working for minimum wage at a fast food place and wishes to make more, the way to accomplish this is to do the work so well that the wage is increased, or else find an employer who has sense enough to hire competence and pay for it.
www.enterstageright.com /archive/articles/1297maxwage.htm   (745 words)

 West Virginia Division of Labor: Wage & Hour Overview
The Wage Payment and Collection Act requires the payment of wages and fringe benefits within 72 hours to employees who are discharged and payment by the next regular payday for employees who have resigned or are laid off.
The Minimum Wage and Maximum Hour Law requires those employers having six or more employees to pay a minimum wage of $5.
This act, commonly referred to as the "prevailing wage law," requires that all workmen employed by or on behalf of a public authority be paid the prevailing hourly rate of wages while engaged in the construction of public improvements.
www.labor.state.wv.us /wage/default.html   (872 words)

 min/max wage
The concept of a minimum wage and a maximum wage is faulty from the start.
The actual result of the law, is that employers get a benchmark tool that keeps wages down in most jobs.
And the jobs that are not currently worth minimum wage are given to illegal immigrants who have no recourse or ability to complain.
www.tblog.com /templates/index.php?bid=drandallpitkin&static=414149   (233 words)

 Arianna Online Forums - Minimum, maximum, living wage and slave wages .   (Site not responding. Last check: 2007-11-06)
This suggests that critics of the minimum wage need to present a more complete theory of the origins of unemployment of young or poor people.
refers to the hourly wage that one deems necessary for a person to achieve a basic standard of living.
because the latter is set by law and may exceed or fail to meet the requirements of a living wage.
www.ariannaonline.com /forums/printthread.php?t=21419   (403 words)

 Minimum Wage, Maximum Rhetoric — Sightline Institute (formerly Northwest Environment Watch)   (Site not responding. Last check: 2007-11-06)
I don't expect this research to be the last word in the minimum wage debate.  But it's fairly consistent with other empirical work, finding that -- contrary to standard economic theory -- hiking the minimum wage is generally a net plus to low-income workers.
Many if not most minimum wage workers are not poor, but since what we have is really a "sub" minimum wage that is mostly a mute point.
There need to be incentives for the poor to earn living wages and for the wealthy to keep their money in investments where it creates job wealth.
www.sightline.org /daily_score/archive/2006/11/20/minimum-wage-maximum-rhetoric   (480 words)

The Australian Chamber of Commerce also opposed the ACTU claim and submitted that the maximum wage increase allowable in view of the economic situation was 2% for the year 1989/90.
This practice is contrary to both the spirit and purpose of the wage fixation principles and encourages workers to break the commitments to those principles made by their unions on their behalf.
The strict test for an alteration in wage rates is that the change in the nature of the work should constitute such a significant net addition to work requirements as to warrant the creation of a new classification.
www.airc.gov.au /safetynet_review/decisions/H9100.htm   (10032 words)

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