Word: minimum
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Dates: during 1990-1999
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...series of related questions: Can the Federal Government afford to continue to subsidize middle-class and upper- income Americans? At what income should any benefit cuts begin -- $40,000? $50,000? $100,000? Is it equitable for Washington to take tax dollars from 20- year-olds earning the minimum wage and redistribute some of the money up the economic ladder to $100,000-a-year pensioners collecting Social Security? And will the Clinton Administration risk offending potent constituencies like ! the elderly in the quest to reform government benefit programs...
MOSCOW: Moscow Mayor Yuri Luzhkov, claiming that 40% of crimes in the capital are committed by people from former Soviet republics, ordered them to register with the police and pay a daily levy of 800 rubles, about 66 U.S. cents but equal to one-tenth of the Russian minimum monthly wage. Those who fail to register and pay will be fined as much as 500,000 rubles and deported. A widespread animosity was displayed by many Muscovites. "Those buggers are so packed with dough that these fines won't stop them," said one local worker...
...three said they make "so-so" money from performing, but certainly more than from a minimum wage job. The trio was unable to provide specific figures for their daily takes...
...Minimum wage laws have tremendously detrimental effects. Most economists recognize the many inefficiencies, but some Americans still support minimum wages under the delusion that such regulations help the poor. But government intervention actually harms these people by decreasing job opportunities...
Even if the consequences of minimum wage laws weren't so harmful, they would still be highly inefficient. Less than 20 percent of minimum-wage workers live below the poverty line, meaning that the benefits go primarily, not to the poor, but to people such as well-off students who have summer jobs...