Saturday, January 2, 2010
First Minimum Wage Drop In The U.S. 72 Years
Minimum wage in Denver, Colorado, will decrease in the New Year, marking the first such decrease in any state's minimum wage since 1938. Colorado's wage is going to be lessened by 3 cents an hour, from $7.28 to the federal minimum $7.25. Amid the global economic crisis which originated in the United States, Colorado's state consumer price index fell 0.6 percent last year. The district Of Columbia as well as thirteen other states will will keep their minimum wage higher than the federal minimum, according to the U.S. Labor Department. Alaska will join them Friday when there minimum wage rises 50 cents to $7.75. Although the drop in Colorado is small those 48,000 residents, earning the minimum wage shook there heads at the possible cut in there pay."It is hard to make it, hard to get by,"John Mullen 50, a out of work construction worker waiting for a bus on a bitterly cold New Year's Eve in Denver. He said he remembers making minimum wage at a factory and having enough for small comforts. Finally, the $787 billion dollar stimulus bill is not helping average Americans get descent employment so, they can have the bare essentials to support there families. How long will it take for the left-wing media to admit that the stimulus bill was little more than a "Chicago Style" payoff to all of President Obama political supporters. This is "Progressive Economics" at it's worst.