An Act To Adjust Maine's Minimum Wage Annually Based on Cost-of-living ChangesBe it enacted by the People of the State of Maine as follows:
Sec. 1. 26 MRSA §664, sub-§1, as amended by PL 2007, c. 640, §4, is further amended to read:1. Minimum wage. The minimum hourly wage is $6.50 per hour. Starting October 1, 2006, the minimum hourly wage is $6.75 per hour. Starting October 1, 2007, the minimum hourly wage is $7.00 per hour. Starting October 1, 2008, the minimum hourly wage is $7.25 per hour. Starting October 1, 2009, the minimum hourly wage is $7.50 per hour. Starting October 1, 2013, the minimum hourly wage is $8.50 per hour. Starting October 1, 2014 and each October 1st thereafter, if there is an increase in the Consumer Price Index on June 30th of that year from the Consumer Price Index on June 30th of the preceding year, the minimum hourly wage in effect at that time must be increased by the same percentage as the Consumer Price Index increase. For purposes of this subsection, "Consumer Price Index" means the Consumer Price Index for Urban Wage Earners and Clerical Workers, CPI-W, for the Northeast Region, or successor index, as published by the United States Department of Labor, Bureau of Labor Statistics. If the highest federal minimum wage is increased in excess of the minimum wage in effect under this section, the minimum wage under this section is increased to the same amount, effective on the same date as the increase in the federal minimum wage , but in no case may the minimum wage exceed the minimum wage otherwise in effect under this section by more than $1 per hour.SUMMARYThis bill raises the minimum wage to $8.50 per hour beginning October 1, 2013, and it requires the minimum hourly wage to be adjusted for inflation on October 1st of each year, beginning October 1, 2014.
The Ati-thesis , Marxism
"By that definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production. Friedrich Engels, in Socialism: Utopian and Scientific, argues that state capitalism would be the final stage of capitalism consisting of ownership and management of large-scale production and communication by the bourgeois state."
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Saturday, April 25, 2015
Maine's Minimum Wage Bill Ties Increase to Inflation
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