I currently earn $1,300.00/month salary, which usually computes out to less than $8.00/hr when I divide my net paycheck by the numbers of hours I've worked. By the way, I do have a college degree, but I've been at my job for less than a year.
2006-12-21 03:22:15 · 7 answers · asked by the cat who went to heaven 2 in Business & Finance ➔ Careers & Employment
Yeah, I meant gross pay...whatever the pay before taxes is.
2006-12-21 03:50:03 · update #1
The standard in economics is that if there is a minimum wage increase, all other salaries/wages increase as well, which in turn increases their cost of running a business. This is a huge reason why many employers don't like an increase the minimum wage. It really depends on the employer though whether they actually make the increase to other wages already above the minimum
2006-12-21 03:46:02 · answer #1 · answered by starsk 3 · 0⤊ 0⤋
Sorry, but since you are salary, it will not affect you. But just to be clear on the min wage increase. In 2007 it will go up to 7.50 per hour and by 2008 it will increase again to 8.00 per hour.
2006-12-21 04:22:35 · answer #2 · answered by surfer grl 5 · 0⤊ 0⤋
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2016-10-15 09:15:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You have a college degree, try get a city job or a state job, and it you will make less when the minimum wage goes into effect then get a minimum wage job, ok.
2006-12-21 03:28:11 · answer #4 · answered by maria fkun 4 · 0⤊ 0⤋
First off, you would need to divide your gross pay to figure out how much you earn per hour.
2006-12-21 03:24:15 · answer #5 · answered by Mr. Goodkat 7 · 0⤊ 0⤋
no, it will only affect you when you pay more at places that hire minimum wage workers (Taco Bell, Burger King, etc.)
2006-12-21 03:31:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
well i would try lining up another job...but first i would ask for a raise then quit with notice
2006-12-21 03:29:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋