Job Market Monitor
Minimum wage
Minimum wage hike in New Brunswick – May cause layoffs says the Canadian Federation of Independent Business
An upcoming increase to the minimum wage in New Brunswick may force business owners to reduce hours or lay off employees, according to the Canadian Federation of Independent Business. “Businesses in New Brunswick right now are not exactly rolling in dough and they have to make some very ugly choices,” said Dan Kelly, the CFIB’s … Continue reading
Minimum Wage in San Francisco – To raise from $10.74 on Jan.1 to $15 in 2018
San Francisco on Tuesday became the second U.S. city to raise its minimum wage to $15 an hour. Voters overwhelmingly approved a ballot measure to gradually raise the city’s minimum wage from $10.74 currently. It passed with 77% of the vote, according to initial results reported by local authorities. The decision follows Seattle’s approval in … Continue reading
US – Minimum Wages by State in 2014
The table below reflects state minimum wages in effect for 2014, as well as future increases. Summary Minimum wages will go up in nine states on Jan. 1, 2015 because of indexed increases in their state law: Arizona, Colorado, Florida, Missouri, Montana, New Jersey, Ohio, Oregon, and Washington. 38 states introduced minimum wage bills during the … Continue reading
UK – More workers trapped in minimum wage jobs
A growing number of employees are trapped in minimum wage jobs, according to a report that illustrates the hollowing out of Britain’s labour market. One in 20 employees earned only the minimum wage in 2013, the highest proportion since its introduction, according to the Resolution Foundation, a think-tank. It also highlights the “shadow effect” of … Continue reading
China – An increase in the minimum wage leads to a small decline in employment research finds
Our study is the first to use data on minimum wage changes for over 2400 counties in China. We combine the information on minimum wages changes with employment data from the Annual Survey of Industrial Firms, which covers over 70 percent of China’s manufacturing employment. While China instituted a minimum wage system in 1994, enforcement … Continue reading
Minimum Wage in US – Raising the federal minimum would save safety net programs billions
This issue brief examines the use of public assistance programs by low-wage workers and assesses how raising the federal minimum wage to $10.10 over three years—as proposed by the Fair Minimum Wage Act of 2014, a bill introduced by Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.)—could affect utilization rates, benefit amounts, and government … Continue reading
US – 62 percent of employers think minimum wage should be increased finds CareerBuilder
– 55 percent of employers think a fair minimum wage is at least $10 per hour or more; 1 in 10 don’t think a minimum wage should be set – 53 percent of employers say a higher wage would increase consumer spending – All major industries surveyed support a minimum wage hike, including retail and … Continue reading
Federal Minimum Wage in US – 62 months since the last increase and more facts
As the debate continues in Congress and in states, here are … numbers to help you understand what it means to be making the federal minimum wage, and why it’s long past time for an increase: 62 The number of months since the last minimum wage increase, in July 2009. 12 The number of months … Continue reading
Minimum Wages for Tipped Workers – Smaller wage gaps for women overall and lower poverty rates when equal
The federal minimum cash wage for tipped workers has been frozen at $2.13 per hour for 23 years, and now represents less than a third of the federal minimum wage ($7.25 per hour)—its lowest share on record. The inadequate tipped minimum wage is particularly detrimental to women, who represent two-thirds of tipped workers nationally. Increasing … Continue reading
Minimum Wages in US – Jobs grew faster in the 13 states that boosted their minimums at the beginning of the year
In the 13 states that boosted their minimums at the beginning of the year, the number of jobs grew an average of 0.85 percent from January through June. The average for the other 37 states was 0.61 percent. Nine of the 13 states increased their minimum wages automatically in line with inflation: Arizona, Colorado, Florida, … Continue reading
Canada – Average minimum wage to average hourly earnings increased from 41% in 2005 to 46% in 2013
In 2013, the average minimum wage in Canada amounted to $10.14 per hour. The 1975 minimum wage translated into 2013 dollars (that is, the real minimum wage) was almost identical at $10.13. In this release, the real minimum wage for Canada is a weighted average of the provincial minimum wages, expressed in 2013 constant dollars to account for inflation. Although the real minimum … Continue reading
Minimum wage for most tipped workers in US – $2.13 an hour (video)
Economic analyst and former tipped worker David Cooper explains how tipped workers get paid. The minimum wage for most tipped workers is only $2.13 an hour. That means the customer is on the hook for paying the bulk of these workers’ wages. via The truth about how tipped workers get paid – YouTube. Related Posts … Continue reading
Labour and social protection institutions are important ingredients of economic growth, quality jobs and human development writes ILO in its World of Work Report 2014
Labour and social protection institutions are important ingredients of economic growth, quality jobs and human development (Chapter 6). It is not possible to achieve economic diversification without active measures to tackle low product- ivity in agriculture and small and medium-sized enterprise, poor working condi- tion traps and high rates of informality. Sustained, strong growth is … Continue reading
US – The federal minimum wage for tipped workers has been $2.13 since 1991
The federal minimum wage for tipped workers has been $2.13 since 1991. That pay rate tends to get lost in the larger debate over whether to raise the national minimum wage for nontipped workers, which is $7.25 an hour. Under federal law, if tips dont bring employees up to the level of the standard minimum … Continue reading
IMF on Minimum Wage in US – Should be increased
The International Monetary Fund on Monday cut its forecast for U.S. economic growth this year, warned of sluggish growth for years to come, and made a bunch of suggestions for getting Americas economic house in order — including raising the abysmally low federal minimum wage of $7.25 an hour.” [G]iven its current low level compared … Continue reading
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