A new Congressional Budge Office report has found a way to save $108 billion over the next decade. However, veterans may not be happy with it: the savings targets veterans, according to the South Florida Business Journal. The money would come from cutting retirement pay for veterans already on disability from the Department of Veterans Affairs.
To read more about it, click here for the South Florida Business Journal article, or read more here. To view the Congressional Budge Office report, click here.
Monday, July 7, 2014
Some Florida Min. Wage Workers to See Raise
While the Florida Legislature did not raise the state-mandated minimum wage during its latest session, some minimum wage workers will soon see an increase in their paychecks. Companies including Gap and Ikea have announced or started voluntary minimum wage increases ahead of proposed legislation, according to the Miami Herald. In April, St. Petersburg-based C1 Bank raised its "living wage" to $14 an hour.
While the current federal minimum wage is $7.25 an hour, Florida's minimum wage is $7.93 an hour. A full-time employee working 40 hours a week in Florida would earn $317.20 a week, or $16,494.40 per year, before taxes. Meanwhile, Florida's poverty line for a family of four is $23,850 a year. According to the Miami Herald, "The [Florida] Legislature adjourned in May without taking up a proposed hike to $10.10 an hour."
To read the entire article, click here.
While the current federal minimum wage is $7.25 an hour, Florida's minimum wage is $7.93 an hour. A full-time employee working 40 hours a week in Florida would earn $317.20 a week, or $16,494.40 per year, before taxes. Meanwhile, Florida's poverty line for a family of four is $23,850 a year. According to the Miami Herald, "The [Florida] Legislature adjourned in May without taking up a proposed hike to $10.10 an hour."
To read the entire article, click here.
Subscribe to:
Posts (Atom)