the minimum wage in the united states today is $7.25 per hour.
the minimum wage in the united states today is $7.25 per hour.
what is the minimum wage in the united states today?
$7.25 per hour
minimum wage rates vary greatly across many different jurisdictions, not only in setting a particular amount of money—for example $7.25 per hour ($14,500 per year) under certain us state laws (or $2.13 for employees who receive tips, which is known as the tipped minimum wage), $11.00 in the us state of washington, or £7.83 (for those aged 25+) in the united kingdom—but also in terms of which pay period (for example russia and china set monthly minimum wages) or the scope of coverage. currently the united states federal minimum wage is $7.25 per hour. however, some states do not recognize the minimum wage law, such as louisiana and tennessee. other states operate below the federal minimum wage such as georgia and wyoming. some jurisdictions allow employers to count tips given to their workers as credit towards the minimum wage levels. india was one of the first developing countries to introduce minimum wage policy in its law in 1948. however, it is rarely implemented, even by contractors of government agencies. in mumbai, as of 2017, the minimum wage was rs. 348/day.
minimum wage
kim chang-hwan, a professor of sociology at the university of kansas, usa, also objected to ju jin-hyung's argument. in his blog he wrote, "the effect of the minimum hourly rate on the labor market is not established academically. the theory of economics suggests that if the minimum hourly rate is increased, the employment rate decreases. but the reality is that the minimum rate is cleaner than the theory." he also pointed out that there is a disagreement about whether it is bad for employment to decline by raising the minimum wage, and that high wages have the effect of promoting structural reforms and forcing productivity improvements. he said, "if businesses and self-employed people who can not afford the minimum wage are closed, the capital is absorbed into capital that can give more than the minimum wage, rather than being publicly decomposed. in this case, the productivity of the economy as a whole is improved and structural upgrading is forced." professor kim also pointed out that the conservative press, which is promoting the 'minimization of employment by the minimum wage', is using the 'minimum wage increase' as a means of ideological struggle even though the new minimum wage is not applied yet. and he criticized ju jin-hyung, "if the minimum wage increase was a big problem, you should criticize the increase by 9% over 1989 and 12 times over 30 years. until now, you have been quiet, but once the minimum wage raised the 16%, you can not criticize the minimum wage increase policy. if the korean economy was ruined because the minimum wage was high, it would have been ruined."
minimum wage in south korea