Monday, February 25, 2008

Lets compare

Comparing the minimum wage of Tennessee to another state my home state of Missouri, there minimum wage is has just been moved up 15 cents it was at one point 6.50 and now the new minimum wage is 6.65. This 15 cent increase just took place in the beginning of the year in January. Along with a couple of other states made this change as well. “Missouri state statute, Section 290.502.2, mandates that the Director of the Department of Labor and Industrial Relations adjust the state minimum wage according to the change in the cost of living. Published by the Department of Labor, the CPI (Consumer Price Index for Urban Wage Earners and Clerical Workers) serves as the basis for calculating the new rate.” (Amelia Figueroa, National Business Compliance Department). Missouri seems like it is the place to be right now because of the high minimum wage pay but it is written and stated that Missouri lives on a Living Wage standard which enables them to raise the prices to meet living standards if the prices rise. They can also lower the pay of the price of living falls. So you will always be on a living standards nothing more and nothing lesss.

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