minimum wage

While the forthcoming increase in the minimum wage has workers rejoicing and retailers grimacing, the living wage debate continues to fester. Widely demonized as a euphemism for Socialism, the idea of offering entry-level employees salaries that encourage long-term job loyalty may well provide the...

With the economy in shambles, the timing for an increase in the federal minimum wage could not be more awkward. The two sectors most likely to be effected by the increase -- retailers and restaurants -- have been hurt badly by souring consumer confidence and yet their costs are about to skyrocket:...

So you're glad you're not a Wall Street trader these days? At least they banked fat salaries and maybe got a golden parachute. The story's not so green at your local restaurant. These are bad times to be a server. Dangerous, even, because their tips have plummeted faster than the Dow Jones.One New...

When your son or daughter applies for educational aid from the government you first have to fill out the FAFSA, a free application which helps determine how much money you as a parent should be able to contribute towards their education. In most cases the dollar amount that you are expected to put...

Today the federal minimum wage increased 70 cents to $6.55, as the second phase of a series of moves meant to bring the minimum wage up over a three year period. The "raise" will affect roughly 1.7 million workers or 2.3% of hourly workers, which means that collectively the cost of employing all...

I recently read a post by a blogger who did a little exercise to see if he could survive on minimum wage. He chose a location of Hartford, CT, and used the state's minimum wage of $7.65. He assumed a forty hour work week, which equaled an income of about $1,224 a month. He then went down his list...