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The Curious Bag
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Minimum wage is a salary at which an employee may earn. It's the minimum at which the employer may pay the worker and the employee may sell services. The minimum wage laws are a subject of contention between the goal of reducing poverty and the idea that the laws increase unemployment.
Wage
Minimum wage was raised in 2009. According to the United States Department of Labor, the minimum wage enacted is $7.25 per hour effective July 24, 2009.
Considerations
Each state has its own minimum wage laws. Some rates may be higher or lower. For instance, the District of Columbia is $8.25 per hour, while minimum wage in Arkansas is still $6.25 per hour.
Contention
Minimum wage requirements is an area of contention. Some people argue that raising minimum wage protects workers from sweat shops and poverty, increasing their standard of living. Other people argue that raising rates increases the costs for employers, so they are forced to hire fewer people to offset rising costs.
Considerations
The minimum wage only affects people age 18 and over. Different states have child labor laws that limit the amount of hours a child can work along with wages.
Tips
The minimum wage for people who collect tips is different from an hourly employee. An employee who collects tips is only required by law to receive $2.13 per hour for services.
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