Federal Minimum Wage Increases to $7.25 Per Hour on July 24, 2009 in 29 U.S.A. States Causing More Problems
Oregon seems to be second at $8.40 per hour, Vermont comes in third at $8.06 and California at an even $8.00 per hour. Unfortunately, the minimum wage increase will mostly affect the "fast food restaurant industry?" Like McDonald's, Burger King, Wendy's, Krystal, Pizza Hut, Papa John's, Domino's, Arby's, Kentucky Fried Chicken, Subway, Long John Silver's, or any fast food restaurant that uses minimum wage U.S.A. employees on a daily basis that will create our higher cost of "buying a local fast food order!".
Unemployment has increased for nine months straight, achieving a 26-year high of 9.5% in June since the Carter Administration, according to the Labor Department. Also in June, the U.S. job market shed 467,000 jobs, compared to a loss of 322,000 jobs the month before. Altogether, the U.S. economy has lost nearly 3.4 million jobs in the first half of 2009, which is more than the 3.1 million lost during all of 2008 as quoted by CNNmoney.com staff writer Aaron Smith as of July 06, 2009.
"Will the U.S.A. economy be able to withstand this increase in weekly pay for employees?" Corporate "Fast Food" companies have already made arrangements to gradually increase their prices for daily consumers to simply pay this "higher price" of this minimum wage increase for all of it's employee's. In other words? Corporate executives simply state? "Why should our company have to suffer this loss of revenue, whenever we can always pass it on to the consumer?"
However, companies like "Six Flags" are willing to take a loss of revenue because of this unstable modern day economy of 2009. The news media has stated that many entertainment companies like "Six Flags" locations all across the U.S.A. have lowered their price to a $29.95 child's ticket here in the summer of 2009 for anyone, just so they can stay in business and NOT file bankruptcy and also stay out of "the red zone". Although, they do NOT have to pay the price of minimum wage because they are a "seasonal" company, but this also affects family employee members of Six Flags that seem to survive on these low weekly minimum wages.
Ironically? "Fast food workers eat at other food restaurants almost everyday?" simply because of the cost of going to the grocery store, buying and also cooking the food. Especially, the workers that are single, and have no other dependant income regarding their everyday lifestyle. The U.S.A. government of 2009 has also stated that employees that make at least this 32 hour $7.25 minimum wage per week is NOT eligible for any kind of monthly benefits, such as food stamps, well-fare, family Dfacs and or even unemployment benefits?
Apparently, their weekly income of $7.25 per hour of 32 hours is more than the U.S.A. government allows for any kind of benefit(s)? Which seems to be approximately $2,000.00 or MORE per year as provided by the U.S. standards of income on a daily U.S.A. basis. Unfortunately, for the U.S.A. economy, drawing unemployment benefits seems to be the best "way of life and income" for all Americans at this present time and history of the year 2009?
Thanks for reading,
Phillip Chambley.
Published by Phillip W. Chambley
Author/website designer of "secretsofsurveys.com" of the original ebook called "Secrets of Paid Online Surveys Ebook." View profile
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