Cities and municipalities within a state may set a higher minimum wage for residents who live in areas with higher costs of living. The city of Chicago has had a minimum wage of $15 or $15.80, depending on employer size, as of July 2023. The Illinois state minimum wage is $14 as of ...
Some states have a youth minimum that is greater than the federal youth minimum wage. For more information, check out theU.S. Department of Labor’s website. Living wage vs. minimum wage When looking through state and local minimum wage laws, you may see the term “living wage.” So, ...
Today, we will turn our attention to what may be the most economically illiterate tweet of 2023. Check out this gem from CNN. Needless to say, CNN‘s tweet is grotesquely wrong, or at least misleading. We know what caused inflation. It was reckless and irresponsible monetary policy by the...
The reason many people are below the poverty line is not because they cannot get above it at minimum wage, they choose that both parents will not work and the one cannot get enough overtime to reach the level (16 hours extra in a job that pays 1.5 on overtime). And those numbers are...
It would determine whether bona fide administrative, executive and professional employees are exempted under FLSA’s minimum wage and overtime requirements., which could potentially result in millions of workers becoming eligible for overtime pay. The proposal might also cover updates, such as: ...
Learn how federal tax law changes could impact your tax return in 2010 and beyond. Here is a summary of all federal tax law changes between 2010 - 2017.
Minimum Wage:The current federal minimum wage is $7.25 per hour, but many states and metro areas set their own, higher minimum wage. Some states have also set lower wages, but in these cases, the higher federal minimum prevails. Noncompete Agreements:These contracts restrict employees’ rights...
Overtime pay can be a tricky concept to grasp. Learn what overtime rules you have to follow and how to calculate overtime with our guide.
I remember my first (legit) paycheck. I was working at a restaurant as a banquet waiter earning something around minimum wage in New York in the late
Attorney Lee’s Response states: I encountered difficulties in locating a relevant case to establish a minimum wage for an injured worker lacking prior year income records for compensation determination…. Believing that applying the minimum wage to in injured worker in such circumstances under workers...