Professor Mark J. Perry's Blog for Economics and Finance
In nominal dollars, there will be a 41% increase in the minimum wage, from $5.15 per hour in 2007, to $7.25 per hour in 2009. In real, inflation-adjusted dolars, it will be a 25.5% increase, and will be the largest 2-year increase in the real minimum wage in at least 50 years (see chart above). 
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
1 Comments:
Carpe - Unemployment is up but when I look at all the high paying jobs posted online (& yes low paying) I just cant help but think many people dont realize the number of employers hiring and the salaries they are offering...not minimum wage either:
http://www.realmatch.com
http://www.simplyhired.com
http://www.monster.com
Does anyone HAVE to be unemployed?? I dont get it
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