Everything You Need to Know about Wage Trap

The effort to raise the Minimum wage is currently happening in the state of Washington. If the town of Sea Tac moves the resolution to formally raise the minimum wage there it will set off a series of different settlements to do likewise all across the nation. Sparked by the recent demonstration by Wal-Mart workers in Los Angles within their low wages although Wal-Mart has been enjoying tremendous profits each year, has set the country’s biggest employer immediately.Food franchisee workers and much service industry will benefit. However as so often with almost any scale wage increases in businesses that are known to have earring power everything else’s purchase price increases. A Big Mac would likely double in price. The cost of living is relative although wages are the motive to lure workers. There is a prime example: the price of milk.

Minimum Wage

After the pipe was being constructed that gallon of milk in Illinois was only a little over 1.50 but in Alaska that same gallon price over 6.00. Just think if the minimum wage jumps quickly to 10 per hour per gallon of milk now is about 3.50 but with this immediate increase in the minimum wage in all likelihood that one gallon of milk will jump to over 8.00 per gallon. Just think if the farm bill goes through and the Republicans have their way that 8.00 gallon of milk just like everything else will cost a hell of allots more.When we really think that jump in the minimum wage is going to have all types. Without safeguards in place to protect against the hyper trends in everything we purchase that will happen if the minimum wage is increased to 10 per hr. Every person is going to be affected, rather than in a way that is positive. The effects will devastate all those because they will have to endure the costs which are an effect of a jump in the minimum wage.

Today what is currently occurring in North Dakota with this oil boom has had some positive outcomes that are financial. The oil industry has managed to keep the lowest in the nation to the unemployment level. But what has happened in North Dakota where the oil worker is currently earning over 70,000 annually could be an economic boom to the petroleum sector that the cost of living means that everything is relative. For example housing with a housing deficit when so many adheres that the amount of housing has improved dramatically and with it so is everything else and know more by clicking here https://salariominimo.blog.br/noticias/calculo-salario-liquido/. In a positive note that the state has managed to do this without increasing their minimum wage that is 8.25 per hour. The main reason is that the industry the salary is dictated by itself.