Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By muckracker1 (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Minimum Wage Hike Potential Job Killer (Picture)

Friday, November 7, 2014 16:26

% of readers think this story is Fact. Add your two cents.

Will Minimum Wage Hikes Squash Job Growth?

MARKET ROUNDUP
Dow	+19.46 to 17,573.93
S&P 500	+0.71 to 2,031.92
Nasdaq	-5.94 to 4,632.53
10-YR Yield	-.006 to 2.312%
Gold	+$32.60 to $1,175.20
Crude Oil	+$0.75 to $78.66

Mike Larson, Money and Markets columnist and editor of the Safe Money Report, is giving a presentation to Safe Money Report members in Germany today. George Lambert, an editor on the Money and Markets team, is filling in.

This morning, the Labor Department announced that the U.S. added 214,000 jobs in October, enough to push the unemployment rate down to 5.8 percent — a six-year low.

The nation has added at least 200,000 jobs in each of the past nine months. Those numbers keep the U.S. on pace for its best labor market year since 1999.

More people working is indeed a sign that the job market should continue to improve. And it suggests rising economic confidence among businesses, leading them to keep their workers and look to hire even more employees.

Still, the improvement in hiring has yet to translate into higher wages. Average wages have grown slightly faster than inflation. On top of that, median annual household income of $54,045 remains 4.6 percent lower than when the recession began in late 2007, according to Sentier Research.

This week, a majority of voters in four states voted to raise the minimum wage.

However, this week, voters in four states said it was time to tip the scale by passing minimum wage increases. Their action brings to 17 the number of states that since 2013 have opted to raise minimum wages.

Moreover, opinion polls show significant majorities of Americans support increasing the federal minimum wage, which is currently set at $7.25. A full-time worker earning the federal minimum wage earns just over $15,000 a year, hardly enough for a family to survive. And like most issues in front of elected officials, it has become a political football.

President Obama said in his 2014 State of the Union Address that he intends to raise it to $10.10 — a 40 percent increase. But Republicans argue that across the board hikes would lead to layoffs.

In the states, Republican-elected officials have generally resisted pressure from unions and community groups to raise the minimum wages.

“Is there a way businesses can afford to pay a living wage while remaining profitable?”

So is there a way businesses can afford to pay a living wage while remaining profitable and hiring more workers? morehere

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,708,260,283
Stories:	8,449,949