Maine's minimum wage to increase to $10 an hour

Maine's minimum wage to increase to $10 an hour

The disparity in pay is so great that those at the bottom of the wage ladder could be earning an additional £5.24 per hour if their pay had risen at the same rate over the last 20 years as the pay of FTSE 100 chief executives.

The federal minimum wage has not increased since 2009 and the purchasing power of the minimum wage has steadily declined for decades.

The organization also says almost 500,000 workers earning slightly more than the minimum wage could also receive boosts in 2018 as employers adjust their pay rates.

The new minimum wage would result in an Irish worker taking home a gross income of €1,613.95 per month, and €1,521.57 after tax. Employees seem to feel that it does not matter, if you switch jobs or not when getting paid so little.

For fast-food workers outside of New York City, the minimum wage will rise to $12.75 an hour on Dec. 31, 2018, $13.75 an hour on Dec. 31, 2019 and $14.50 an hour on Dec. 31, 2020. Businesses have stated that if they pay less than $15 an hour, they have retention issues.




There is also a misconception that those working minimum wage jobs are mostly young people, but that's not true.

Minimum wage workers are already making more than that in Emeryville, where the minimum wage is $15.20 - reportedly the highest rate in the country.

Starting Monday, small companies - those with 25 or fewer employees - will have to pay workers at least $10.50 an hour, up from $10.

Additionally, it's important to note that increased wages may lead to a stronger economy. Lawmakers later changed the law to only require employers to make up the difference when tips don't exceed the minimum wage.

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