This website has a lot of useful information on minimum wage in the US.
http://www.bls.gov/cps/minwage2008.htm
In the US, migrant workers typically earn only minimum wage at best if they are here legally. Illegal aliens frequently earn less than that.
The current federal minimum wage is $6.55 an hour. As of July 24, 2009, it will be $7.25 an hour.
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.
Depending on what fast food place and what state you are in, they start off at $7.25 an hour, which is the federal minimum wage.
About 6% of the workforce. Slightly higher when considering just full time workers.
According to the department of labor the current Population Survey estimates 75.3 million workers are hourly wage earners in 2008. Among those 286,000 earned exactly the minimum wage and 1.9 million earned below the minimum. That makes for a total of 2.2 million workers who earn at or below the minimum--and that's 3% of the people who work as hourly employees.Of those who make less than minimum wage, services workers made up the largest group. 9% of those who made less than minimum wage work in the service industry. And leisure and hospitality was the industry category with the largest number of below minimum wage workers at 14%.
The minimum and the maximum that we can earn in the share market depends with our investments.
The U.S. federal government has set the minimum wage at $7.25 per hour. In some states it may be higher, but $7.25 is the minimum one can make legally in the U.S.
The percentage of 12 is 1200%, and it has no bearing on what you earn!
The answer to your question depends on where the worker is working and how many hours per week they are working. In the United States, the federal minimum wage is $7.25 per hour, but some states have higher minimum wages. Assuming the federal minimum wage as that is the absolute minimum in the United States, and assuming a full-time employee who works 40 hours per week: $7.25 × 40 = $290/week $290 × 52 = $15,080/annually $15,080 / 12 = $1256.67/month - before taxes Federal minimum wage for workers who receive a certain threshold of tips per month is $2.13 per hour (again, some states have higher minimum tipped employee wages). However, an employer is only permitted to pay the tipped employee rate if the employee's wages plus tips equals the federal minimum wage/hour rate, so the gross per month would theoretically be at least the same.
Minimum wage has nothing to do with your age if you are 18 or over (there may be "training wages" for workers under 18). The federal minimum wage is $7.25. States may use that minimum wage or may have higher minimum wages, so the state where you live may have a higher requirement. Realize that some positions are eligible for a "tip credit," meaning that your employer may pay you less than the statutory minimum wage if they can show that you earn enough tips to make up the difference. The wage plus tips should, however, still equal at least minimum wage.
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