Word: subminimum
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Dates: during 1980-1989
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...March he sent Congress a bill that would allow employers to pay youngsters a summer wage of $2.50 an hour instead of the regular $3.35 minimum wage. In his first major speech as Labor Secretary, William Brock last week promoted the President's plan for a summer-long subminimum wage for young people. The Administration claims that it would reduce costs for businessmen and inspire them to hire some 400,000 more workers...
Most significantly, the Reagan Administration, which has lobbied unsuccessfully for a subminimum youth wage for years, has come up with a powerful way to make teen-agers attractive to business. Beginning this summer, firms hiring economically disadvantaged youths,* age 16 or 17, get a tax credit for 85% of the first $3,000 in wages paid out between May 1 and Sept. 15. "An employer can hire a young person for as little as $262 for the entire summer if he applies the tax credit," declared Albert Angrisani, Assistant Secretary for Employment and Training in the U.S. Department of Labor...
...programs are an example. Reagan is likely to suggest little more than a revival of his "enterprise zone" plan to give businesses tax breaks if they set up shop in city slums; a tiny increase of perhaps $300 million in job-training funds; and permission for employers to pay subminimum wages to teenagers hired for summer jobs...
...enterprise zones" in blighted areas. The idea is to revitalize decaying neighborhoods by offering generous tax breaks to employers who set up shop there and hire disadvantaged residents. Dropped from this job-stimulus proposal was an early suggestion that employers in these zones might be allowed to pay subminimum wages and gain exemption from health and safety regulations, two ideas that are favored by some conservatives but might have cost support in Congress for one of the few items in the President's program that many liberals find attractive...
...jobs. So the labor leaders are pushing a few alternatives to the Reagan spending cuts. They would prefer to lower federal budget deficits by reducing interest rates through selective credit controls and reduce unemployment through direct jobs programs. They are flatly opposed to such pet Republican proposals as a subminimum wage for teen-agers and the dismantling of the Occupational Safety and Health Administration. In addition, the union believes that individual tax cuts should be focused on middle-and lower-income groups through a 20% reduction in Social Security taxes...