What was minimum wage 2011?
What was minimum wage 2011?
$8.00
$7.25 – July 24, 2009
| State | 2011 | 2012 |
|---|---|---|
| Alaska | $7.75 | $7.75 |
| Arizona | $7.35 | $7.65 |
| Arkansas | $7.25 | $7.25 |
| California | $8.00 | $8.00 |
What was the minimum wage in NZ in 2010?
$12.75
Minimum wage rates from April 2008 to April 2013
| In force from: | Adult | Training |
|---|---|---|
| 1 April 2011 | $13.00 | $10.40 |
| 1 April 2010 | $12.75 | $10.20 |
| 1 April 2009 | $12.50 | $10.00 |
| 1 April 2008 | $12.00 | $9.60 |
What did the findings of the Card and Krueger study of the New Jersey Restaurant industry indicate about the employment effects of the minimum wage?
The study by David Card and Alan Krueger of the effect of a rise minimum wage in New Jersey fast-food restaurants (and their subsequent book) had marked impact on the economics profession. They found that the increase in the minimum wage actually increased employment.
What was the minimum wage when the act was first passed?
16 cents an hour
In the 1920s, American lawmakers sought to improve working conditions in their states. By 1925, fifteen states had passed minimum wage laws, including California at 16 cents an hour.
What was the minimum wage in 2011 UK?
£6.08
National Minimum Wage: previous rates
| Date | Main Rate (Age 22+) | |
|---|---|---|
| Date 1 Oct 2010 | Main Rate (Age 22+) £5.93 | £2.50 |
| Date 1 Oct 2011 | Main Rate (Age 22+) £6.08 | £2.60 |
| Date 1 Oct 2012 | Main Rate (Age 22+) £6.19 | £2.65 |
| Date 1 Oct 2013 | Main Rate (Age 22+) £6.31 | £2.68 |
What are the important details about the Card and Krueger 1992 minimum wage Study?
In 1992, New Jersey raised its minimum wage by 80 cents an hour, while neighboring Pennsylvania did not. Card and Krueger seized the opportunity to compare fast-food restaurants in the two states before and after the increase took effect — a framework economists call a “quasi-experiment.”
What is the effect of minimum wage on employment?
On the other hand, Magruder (2013) shows that minimum wages increase full-time paid work and decrease self-employment, which is evidence for increased formalisation. This evidence is supported by the finding of a negative minimum wage effect on small firm employment and a positive effect on large firms.
Who introduced minimum wage?
Congress
1938: After a legislative struggle, Congress passes the Fair Labor Standards Act, which establishes a federal minimum wage of 25 cents per hour, and the bill is signed into law by President Roosevelt.
What was the minimum wage in 2012 UK?
| Characteristic | Apprentice | 18-20 |
|---|---|---|
| 2014 | 2.73 | 5.13 |
| 2013 | 2.68 | 5.03 |
| 2012 | 2.65 | 4.98 |
| 2011 | 2.6 | 4.98 |
