Minimum Wages

This tag is associated with 5 posts

Statutory minimum wages in Europe, 2018 – 22 countries out of 28 had a statutory minimum wage

The term ‘minimum wage’ refers to the various legal restrictions governing the lowest rate payable by employers to workers, regulated by formal laws or statutes. This report provides information on statutory minimum wages that are generally applicable in a country and not limited to specific sectors, occupations or groups of employees. While the scope of … Continue reading

Youth Minimum Wage – It exerts a substantial negative impact on their employment rate

This paper performs a cross-country level analysis on the impact of the level of specific youth minimum wages on the labor market performance of young individuals. We use information on the use and level of youth minimum wages, as compared to the level of adult minimum wages as well as to the median wage (i.e., … Continue reading

Scheduled Minimum Wage Increases in Canada – Employment would fall by 60,000 says central bank’s research

This note reviews the channels through which minimum wage increases can affect Canadian economic activity and inflation and assesses the macroeconomic impacts of the scheduled provincial minimum wage increases in the coming years. The key results are as follows: • The macroeconomic impacts of these measures may be significant because about 8 per cent of … Continue reading

Minimum Wage in US – The Tracker

There are 14 states that have changed their minimum-wage law since January 2014. Alaska, Arkansas, Connecticut, Delaware, Hawaii, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Rhode Island, South Dakota, Vermont, and West Virginia The effective minimum wage has increased in 26 states and D.C. since January 2014. Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Maryland, … Continue reading

US / Domestic workers barely make minimum wage

Nannies, caregivers and housecleaners earn a median wage of about $10 an hour, and few receive benefits like health insurance or paid sick days, according to the first-ever national statistical study of domestic workers, which is being released Tuesday. The study, based on interviews with 2,086 workers in 14 major metropolitan areas, found substantial differences … Continue reading

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