in shrinkage we trust

The Past, Present, and Future of Minimum Wage

December 31, 2009

The U.S.federal minimum wage was established at $.25 per hour in 1938 and has increased over the years, in theory, to keep up with inflation, cost of living, and many other factors. Although the federal minimum wage is currently set at $7.25, each individual state ultimately has the ability to set their own minimum wage. Residents of Kansas are keenly aware of this fact, where the state minimum wage is set at an astonishing $2.65. Check out where your state stands against the rest of the country, as well as other thought provoking facts as we take a look at the past, present, and future of minimum wage across America.

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Income and Employment Disparity in the Workplace

July 23, 2009
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Here’s a brief look at the role gender is playing in the workplace today, showing the states with the greatest disparity between male and female incomes, as well as unemployment rate changes year to year according to sex and occupation. In most cases, women seem to be bearing the brunt of job cuts in the past few years. This is plausibly due to the fact that women are statistically more likely to hold part time or temporary positions. These are typically the first types of jobs lost during a recession, or when businesses need to reduce their workforce.

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