Weather
The Pine Tree, News for Calaveras County and Beyond Weather
Amador Angels Camp Arnold Bear Valley Copperopolis Murphys San Andreas Valley Springs Moke Hill/West Point Tuolumne
News
Business Directory
Weather & Roads
Sports
Real Estate
Search
Weekly & Grocery Ads
Entertainment
Life & Style
Government
Law Enforcement
Business
Wine News
Health & Fitness
Home & Garden
Food & Dining
Religion & Faith
Frogtown USA
Legal Notices
Calendar
Polls
Columns
Free Classifieds
Letters to the Editor
Obituaries
About Us

Coming Soon...
Wednesday, Sep 18
06:00 PM Overeaters Anonymous (OA)
06:30 PM Overeaters Anonymous (OA) Meeting
Thursday, Sep 19
04:00 PM CalaverasGROWN Certified Farmers Market Opens June 13th in San Andreas
Friday, Sep 20
All Day Get Your Fill of Fish & Chips Every Friday at Gooney's Bar & Grill
05:00 PM The Angels Camp Farmers Market is Every Friday Till Fall
06:00 PM Hospice of Amador & Calaveras’ 20th Annual Art Auction at Karmère Winery & Vineyards!
Saturday, Sep 21
All Day The Hopper Connects You to Calaveras's Wine Country & More
All Day Ride The Rails Into History at Railtown 1897
09:00 AM Bear Valley Ski Club's Annual Ski Sale
10:00 AM Old Timers Museum Walking Tours Are Every Saturday at 10am.
11:00 AM Town Tours of Columbia State Historic Park Every Weekend!
01:00 PM Spend the Summer at Big Trees State Park. Guided Hikes Every Weekend
03:30 PM Days of Wine and Noses
03:30 PM Days of Wine and Noses
06:00 PM The Bistro Espresso, "Music in the Park" Summer Concert Series
07:00 PM Los Pinguos – Hot Argentine Folk Groove Band
Sunday, Sep 22
All Day Ride The Rails Into History at Railtown 1897
09:00 AM Our Sunday Edition with Local Features, Local Specials & More Every Sunday By 9am!
09:00 AM Murphys Farmers Market is Every Sunday From 9am - 1pm
11:00 AM Town Tours of Columbia State Historic Park Every Weekend!
01:00 PM Spend the Summer at Big Trees State Park. Guided Hikes Every Weekend
Tuesday, Sep 24
10:00 AM Grief Support Classes Offered By Hospice of Amador & Calaveras
Wednesday, Sep 25
05:45 PM Democratic Congressional Candidate Forum
06:00 PM Overeaters Anonymous (OA)
06:30 PM Overeaters Anonymous (OA) Meeting
Thursday, Sep 26
10:00 AM VA Training Health Care Training on Sept 26th
04:00 PM CalaverasGROWN Certified Farmers Market Opens June 13th in San Andreas
05:00 PM Kathleen Brown, Former Ca State Treasurer, to Tell Brown Family Story At Calaveras County Historical
Friday, Sep 27
All Day Get Your Fill of Fish & Chips Every Friday at Gooney's Bar & Grill
05:00 PM The Angels Camp Farmers Market is Every Friday Till Fall
Saturday, Sep 28
All Day Mark Twain Medical Center Showcases Local Health Resources at Fall Health Fair
All Day Shop Local at Spence Ranch Feed & Supply! Customer Appreciation Sale September 28th!
All Day The Hopper Connects You to Calaveras's Wine Country & More
All Day Ride The Rails Into History at Railtown 1897
09:00 AM Free Rabies Vaccinations & Microchipping at Spence Ranch Feed & Supply on September 28th
09:00 AM 3rd Annual Breathe Deep Amador Crazy Hat/Hair 5K Fun Run/Walk
10:00 AM Old Timers Museum Walking Tours Are Every Saturday at 10am.
11:00 AM Town Tours of Columbia State Historic Park Every Weekend!
01:00 PM Spend the Summer at Big Trees State Park. Guided Hikes Every Weekend
06:00 PM The Bistro Espresso, "Music in the Park" Summer Concert Series
07:00 PM The Easy Leaves with opener Trevor McSpadden – Country, the lean Bakersfield sound
Sunday, Sep 29
All Day Ride The Rails Into History at Railtown 1897
09:00 AM Murphys Farmers Market is Every Sunday From 9am - 1pm
09:00 AM Our Sunday Edition with Local Features, Local Specials & More Every Sunday By 9am!
11:00 AM Town Tours of Columbia State Historic Park Every Weekend!
01:00 PM Spend the Summer at Big Trees State Park. Guided Hikes Every Weekend
Tuesday, Oct 1
10:00 AM Grief Support Classes Offered By Hospice of Amador & Calaveras

Search Announcements




Log In
Username

Password

Remember Me



Posted by: thepinetree on 07/25/2019 01:29 PM Updated by: thepinetree on 07/25/2019 01:58 PM
Expires: 01/01/2024 12:00 AM
:

CBO Report Looks at Effect of Raising the Federal Minimum Wage ~ From Brian J Tewksbury

Murphys, CA...The federal minimum wage (FMW), currently $7.25 per hour, hasn't increased since 2009—the longest stretch with no federal increases since 1938, when the minimum wage was created. Several presidential candidates as well as proposed House Bill H.R. 582, Raise the Wage Act, would raise the FMW. What effect would a wage increase have on wage earners, families, employers, and the economy? The Congressional Budget Office (CBO) released a new report that examined the impact of raising the federal minimum wage to $10, $12, or $15 per hour by 2025 and how this would affect employment and family income.





According to the CBO, for the roughly 40 million wage-earners, the $15 option would be the most impactful, boosting the wages of 17 million workers who would otherwise earn less than $15 per hour. Another 10 million workers earning slightly more than $15 per hour might see their wages rise as well. But 1.3 million other workers would become jobless, according to the CBO's median estimate. Also, there is a two-thirds chance that between zero and 3.7 million workers could be affected by a change in employment. However, the number of people with annual income below the poverty threshold in 2025 would fall by 1.3 million.

To summarize the CBO's findings, the $15 option would:

• Boost workers' earnings through higher wages, though some of those higher earnings would be offset by higher rates of joblessness

• Reduce business income and raise prices as higher labor costs are absorbed by business owners and then passed on to consumers and

• Reduce the nation's output slightly through the reduction in employment and a corresponding decline in the nation's stock of capital (such as buildings, machines, and technologies).

Based on these possible outcomes and the CBO's estimate of the median effect on employment, the $15 option would reduce total real (inflation-adjusted) family income in 2025 by $9 billion, or 0.1%. It should be noted that there is considerable uncertainty about the size of any option's effect on employment, because future wage growth under current law is uncertain, and because the responsiveness of employment to an increase in the minimum wage is unclear.

Nevertheless, the CBO report seems to indicate that a wage increase would have both positive and negative ramifications. More families would have incomes above the federal poverty level. However, the cost of the wage increase could cause a reduction in the labor force. In addition, higher-income earners who buy more goods and services, could see those prices increase.

IMPORTANT DISCLOSURES
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, or legal advice. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
Prepared by Broadridge Advisor Solutions Copyright 2019.



What's Related
These might interest you as well
phpws Business Directory

Local News

Calendar

Photo Albums


Mark Twain Medical Center
Meadowmont Pharmacy
Bank of Stockton
Bear Valley Real Estate
Bear Valley Cross Country
Cedar Creek Realty
Cave, Mine & Zip Lines
Fox Security
Bistro Espresso
Pinnacle Physical Therapy
Chatom Winery
Middleton's Furniture
Bear Valley Mountain Resort
Paul D. Bertini
Premier Properties
High Country Spa & Stove
Calaveras Mentoriing

Ebbetts Pass Scenic Byway
Sierra Logging Museum
Jenny's Kitchen

Copyright © The Pine Tree 2005-2019