Minimum Wage has gone up to 8 dollars an hour in New York City. The states minimum wage will increases to $8.75 an hour on December 31 2014.
Increases in the minimum wage are regulated by law, and therefore increases in the minimum wage are mandatory. Other wage increases are negotiated.
Whatever the state minimum wage is. If they can find a CDL driver who'll drive for that state's minimum wage, they can employ a driver at that wage.
The Current NYS minimum wage is $7.15 Future effective date 07/24/2009 - $7.25.
When minimum wage increases for workers this affects the supply curve upwards for the company. This will mean that the cost goes up which pushes the curve to the left.
Laws that increase the minimum wage for workers
Minimum wage laws affect employees who earn the minimum wage as well as business who pay the minimum wage to its employees. Increasing the minimum wage improves the quality of life for those who earn at or near the minimum wage, however, it can cause businesses to hire less employees or reduce staffing levels. That leads to higher unemployment for unskilled workers, who are the people that generally earn minimum wage. Those who earn minimum wage are probably most directly impacted by minimum wage laws. The laws also change the behavior of businesses by affecting staffing levels or passing cost increases on to their customers.
Current $7.15 Future effective date 07/24/2009 - $7.25
there's going to be a federal minimum wage increase which occurs July 24, 2009 from 6.55 to 7.25 for most states some states follow there own minimum wage standards but majority only increases when they have to... but the answer to your question is still 6.55
The minimum wage is $7.25, the same as federal minimum wage.
Yes, Now a days Inflation rate is increases very fastly but the wage rate is increases as much they should increase. The cost of every thing is rises. So the raising the minimum wage is likely to cause a shortage of people willing to work.
there was no minimum wage then:)
Laws that increase the minimum wage for workers