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In 2012, Obama set even higher standards, mandating an average fuel efficiency of 54.5 miles per US gallon (4.32 L/100 km). [92] Obama also signed the "cash-for-clunkers" bill, which provided incentives to consumers to trade in older, less fuel-efficient cars for more efficient cars.
Jacquelyn Martin/AP Last month, President Barack Obama included in his State of the Union address a plea to Congress to raise the hourly minimum wage to $10.10. Some people support the idea.
In the United States workers generally must be paid no less than the statutory minimum wage.As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.47 per hour in Washington as of January 1, 2015. [5]
A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. [1] It is a prescribed limitation which can be used to effect change in an economic structure.
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President Obama's State of the Union proposal to raise the federal minimum wage to $9 an hour has the retail industry on edge and fast food stocks struggling. During Tuesday's address to Congress ...
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
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