Since its creation in 1938, the federal minimum wage has been a highly debated topic. At its peak in 1968, workers earned $1.60 per hour (equivalent to $11.80 in 2015. The minimum wage has experienced increases and inflation-induced declines ever since.
NCSL reports that the current federal minimum wage is set at $7.25, but have decided…
Economy
In America, income and wealth are perceived as being synonymous. While the two concepts often go hand in hand, using the terms interchangeably is misleading. America’s most wealthy individuals don’t necessarily draw the highest levels of income. For example, while occupations such as professional athletes, top executives, doctors and lawyers have reputations for earning high…