interbiznet.com
Electronic Recruiting News
Our Rate Card
LIST OF TECHNICAL RECRUITERS
LIST OF EXECUTIVE SEARCH FIRMS
interbiznet
BOOKCLUB
interbiznet
LISTINGS
OUR HOME
Minimum Wage?
(February 28, 2008) Below are statistics regarding poverty and minimum wage.
Perhaps the mandates should be about a living wage versus a minimum wage that keeps people below poverty levels.
Poverty Thresholds
The U.S. Census Bureau and the U.S. Department of Health and Human Services both record poverty statistics for the country, but they each have their own calculations for the poverty income level. The Census Bureau numbers are used to estimate the number of Americans living in poverty, while the Department of Health and Human Services numbers are used to determine financial eligibility for many federal programs. However, the two sets of numbers don't differ dramatically. The Census Bureau determines poverty by looking at money income, plus family size and composition. "Money income" is income before taxes and doesn't include capital gains and non-cash benefits (like food stamps). The bureau does not take geography into account, but it does consider annual inflation levels.
Here are selections from the latest data online for the Census Bureau's poverty thresholds for 2000:
One person, under 65 years -- $8,959
One person, 65 years and over -- $8,259
Two people, householder under 65 years, including one child under 18 years -- $11,869
Four people, including two children under 18 years -- $17,463
The Department of Health and Human Services doesn't make distinctions based on age, but it does separate Alaska and Hawaii because the cost of living in those two states is "traditionally believed to be significantly higher than in other states."
Here are some highlights of the Department of Health and Human Services' poverty guidelines for 2001:
One person in the 48 contiguous U.S. states and Washington, D.C. -- $8,590
One person in Alaska -- $9,890
One person in Hawaii -- $10,730
Two people in the 48 contiguous U.S. states and Washington, D.C. -- $11,610
Four people in the 48 contiguous U.S. states and Washington, D.C. -- $17,650
As you can see, the numbers from the Census Bureau and the Department of Health and Human Services are pretty close. Basically, if an individual makes less than $9,000 per year and a family of four makes less than $18,000 per year, they're earning below the poverty income level in the United States. (Ask.yahoo)
Federal Minimum Wage History
| Effective Date | Hourly Wage | 40 Hour Week | Annual Pay (50 weeks) |
|---|---|---|---|
| 10/24/1938 | $0.25 | $10.00 | $500.00 |
| 10/24/1939 | $0.30 | $12.00 | $600.00 |
| 10/24/1945 | $0.40 | $16.00 | $800.00 |
| 1/25/1950 | $0.75 | $30.00 | $1,500.00 |
| 3/1/1956 | $1.00 | $40.00 | $2,000.00 |
| 9/3/1961 | $1.15 | $46.00 | $2,300.00 |
| 9/3/1963 | $1.25 | $50.00 | $2,500.00 |
| 2/1/1967 | $1.40 | $56.00 | $2,800.00 |
| 2/1/1968 | $1.60 | $64.00 | $3,200.00 |
| 5/1/1974 | $2.00 | $80.00 | $4,000.00 |
| 1/1/1975 | $2.10 | $84.00 | $4,200.00 |
| 1/1/1976 | $2.30 | $92.00 | $4,600.00 |
| 1/1/1978 | $2.65 | $106.00 | $5,300.00 |
| 1/1/1979 | $2.90 | $116.00 | $5,800.00 |
| 1/1/1980 | $3.10 | $124.00 | $6,200.00 |
| 1/1/1981 | $3.35 | $134.00 | $6,700.00 |
| 4/1/1990 | $3.80 | $152.00 | $7,600.00 |
| 4/1/1991 | $4.25 | $170.00 | $8,500.00 |
| 10/1/1996 | $4.75 | $190.00 | $9,500.00 |
| 9/1/1997 | $5.15 | $206.00 | $10,300.00 |
| 7/24/2007 | $5.85 | $234.00 | $11,700.00 |
| 7/24/2008 | $6.55 | $262.00 | $13,100.00 |
| 7/24/2009 | $7.25 | $290.00 | $14,500.00 |
Colleen Gildea . - . Permalink . - . Today's Bugler . - . Send To a Friend . - . Readership Feedback
Read the Bugler for daily industry news.
| TopUSAJobs.com: Guide to
Top Specialty Boards Where Top Candidates Seek Career Opportunites |
|
| Accounting / Finance | JobsintheMoney.com |
| Call Center | CallCenterJobs.com |
| Drivers / Trucking | JobsInTrucks.com |
| Employee Benefits | EmployeeBenefitsJobs.com |
| Enviro/Occup. Health & Safety | EHSCareers.com |
| Executive | RiteSite.com |
| Executive | NETSHARE.com |
| Health / Medical | HealthJobsUSA.com |
| Hispanic / Bilingual | LatPro.com |
| Hotels / Hospitality | HOTELScareers.com |
| Logistics | JobsInLogistics.com |
| Manufacturing | JobsInManufacturing.com |
| Mechanical/Electrical/Plumbing | MEPJobs.com |
| Retail | AllRetailJobs.com |
| Security Clearance | ClearanceJobs.com |
| Tax Specialists | TaxTalent.com |
| Telecom / Wireless | TelecomCareers.net |
| For more Specialty
Boards, visit: The Employer's Corner on TopUSAJobs.com marketing@TopUSAJobs.com |
|
| Home | ERN | Bugler | The Blogs | Advertise | Trends | Archives |
Read Today's Bugler Read current Blogging News: BERT
Download Authoria's complimentary white paper
-Staffing Strategies: Can You Find, Recruit, and Retain the Talent You Need?
Kennedy Presentation: Adventures In Search Video.
Presentation from John Sumser, Recruiting Is A Conversation is available for download.
NEW:
Presentation from John and Bridget Sumser, Rethinking The Workforce is available for download.
Ten Principles for Recruiting An Integenerational Workforce from John Sumser.
Contacting Us:
Copyright © 2008 interbiznet. All rights reserved.
Mill Valley, CA 94941
415.377.2255
Send comments to colleen@interbiznet.com
interbiznet's
Electronic Recruiting News
Electronic Recruiting News
FEATURES:
RECENT ARTICLES:
ARTICLES:
RESOURCES:
ADVERTISING:
All material on this website is the property of interbiznet. You may download a copy for personal use. Redistribution without permission is strictly prohibited. All material on this site is © 2008 interbiznet.