And if you're a small business that's willing to make the investment in hiring a new worker or expanding your wage base, you'll benefit from the tax cut that the President is pushing Congress to pass this week.
The way that the maximum benefit for a particular year is calculated is based upon the maximum wage base for the year, as well as the applicable COLAs that would apply after the PIA ( Primary Insurance Amount) has been calculated for that individual.
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Instead, they gush about turning the People's Republic into a low-wage production base.
During the 2008 campaign, for instance, then-Senator Obama suggested that the programs giant long-run deficit could be addressed by busting the wage-base cap and imposing the payroll tax on a larger amount of income.
If base wage levels for workers cannot go up, says Yoji Tatsui, a director in the labour-policy co-ordination division at the Japanese Trade Union Confederation, then companies should at least try to bring pay for part-timers who do similar jobs closer to that of their full-time counterparts.
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Although several states already have higher minimum-wage pay levels in place, the national rate sets the base for many low-wage workers.
At the same time Miami's lousy public school system and relative paucity of college grads help create a low-wage, low-tech economic base.
Most dealerships pay salesmen a paltry base salary of roughly minimum wage.
The other thing that unions did, particularly in the manufacturing sector, was it gave a base for blue-collar workers to get a middle-class wage, which meant that essentially the guys working at the Ford plant could afford to buy a Ford.
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Should Putin decide to broaden the base of his government and introduce meaningful elements of political accountability to public affairs, he would have to wage a titanic war against his own loyalists, who altogether control nearly half of Russia's economic assets.
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