Archive for July, 2009

As of July 24 2009 minimum wage increased to $7.25 an hour. A person working 40 hours would make $290, after 52 weeks would gross $15,080 a year. Comparisons of  income  in table below.       

Yearly Income                       Hourly Wage                  # of $7.25 hr. workers

$1 million                                  $480                                       66

$10 million                               $4,800                                  662

$20 million                              $9,600                                  1,324

$100 million                           $48,000                                6,620

The arithmetic I understand . Economist using political mathematics to justify these liberal wages as capitalism confuses me.

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I am always surprised that with all the killings of humans we never consider how war destroys small creatures.

So who will speak for them?

Original attribution Global Voices Online

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