What is the minimum wage in Chicago?
The current minimum wage in Chicago is $12/hour. It has been increased steadily for the past few years and will be at $13/hour in 2019.“The City's ordinance raises the hourly minimum wage to $10 in 2015, $10.50 in 2016, $11 in 2017, $12 in 2018, and $13 in 2019, indexed annually to the Consumer Price Index (CPI) after 2019.”You can find out more information below:City of Chicago Minimum WageI hope that helps answer your question!
If minimum wage goes up to $15 an hour will the wages of educated and skilled workers (who were already earning between $15 and $18) be also adjusted, or will they end up earning the same as if they were 16 y.o. kids flipping burgers?
Yes, but the pay increases for those above minimum wage will increase at a diminishing rate.So, lets say, in order to make the math easy, minimum wage is $8 an hour, and gets raised to $16. That's a doubling of thier pay. Will people making $16 already goto $32? Will they even go to $24?The answer is, probably not. The value they bring to the company isn't likely that much more than $16 an hour. They must see an increase, or the value of the job they work isn't so valuable anymore. They will look for an easier or more flexible position to settle in with the new pay scale. But, the raise won't likely be on the same level as what people below minimum get. I'd hazard to guess that the raise would be maybe to around $20.When Walmart did it's recent bumps to their current minimum wage (not the pending one of $11, but the current $10) people earning in the gap between $7.25 and $10 got a.raise to $10. People at $10 to about $15 saw a bump of about a. $1 at most, and it trickled off from there. People making $20 (salaried emplouees) stayed the same.Similar impacts have happened in cities and states that have raised minimum wage. Seattle, although seeing growth, finally bumped into its wage equilibrium, and started to see some negative impacts. Small businesses were taking a hit. Prices were also starting to push up. Many hourly workers, who saw an increase in pay,.saw a dip in hours, that actually lowered their weekly pay. The minimum wage increase outpaced economic growth.The long and short of it is, minimum wage doesn't work in a vacuum. Imagine if we bumped up minimum wage to $10 an hour right before the recession hit in 2008. What impact would that have had? On the flip side, how about the boom in 1996? Wages were naturally increasing then?And no matter what the minimum wage is, if you are only earning minimum, odds are, you'll still be broke.
Does believing in a “maximum wage” make one a communist?
No, since it’s a reform which would take place inside the capitalist system: for example, Corbyn of the Labour Party (which operates according to the rules of parliamentary democracy in a constitutional monarchy) mentioned one version of the maximum wage [1]You an also find a similar policy in the 2010 manifesto of the Green Party of England and Wales [2] which currently operates inside the same system as the Labour Party (and incidentally the Conservatives, Lib Dems, SNP, UKIP, etc).Once I was discussing the maximum wage with a fellow green and he criticised it as he said that a company wishing to bypass the maximum wage would simply form a new company which only employs high earning executives.I think discussion of the maximum wage is motivated more by a book called The Spirit Level than by communism.Footnotes[1] Jeremy Corbyn calls for maximum wage law[2] Jobs and a living wage - policies in detail
What is the minimum salary to be paid to a H1B visa holder?
It depends on the following factors:The type of job (see Standard Occupational Classification)The location of the job (physical location of employment)The amount of experience required (divided into four categories, as below)This information is provided by the Foreign Labor Certification Data Center Online Wage Library. Here is an example.This was run on January 17, 2018 for Software Developers, Systems Software in the San Francisco, CA area. As you can see, minimum wages range from $100,402/year to $153,774/year, depending on experience.This example is only relevant to this occupation in this location — obviously the minimum wage varies based on the above mentioned factors.
Is there a minimum salary your employer needs to pay, in order to file H1B visa for you?
Yes, your employer must generally pay you at least the prevailing wage. This can be obtained through a Prevailing Wage Determination through the Department of Labor. It can also be obtained by filing a Labor Condition Application (LCA) and having it certified. The second is usually sufficient for H-1B visa purposes. To be on the safer side, companies may choose to first obtain a PWD and then do the LCA.The salary is determined by job category, experience level and location.
Why did Chicago grow to be bigger than Minneapolis?
Chicago is port city on the great lakes used for water transport and a more convenient location for a rail hub for the transport goods between east and west. Minneapolis is the end of the line on the mississippi and so it serves as a destination for a relatively small amount of goods and it is only because it is the home of many companies that is not a lot smaller than st Louis,