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12 Dec 2011 23:31

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U.S.: San Francisco’s new minimum wage sets the double-digit standard

  • $10.24 San Francisco’s new minimum wage source
  • » Happy New Year, indeed. Starting Jan. 1, San Francisco’s minimum hourly wage will jump above the $10 mark for the first time. That’s about $3 higher than the federal minimum wage and higher than anywhere else in the country, due to the fact that the progressive city ties its minimum wage to inflation and the quite-high cost of living in the area. But with wage hikes, various fees and the sagging economy, employers might have to start laying off workers again to keep up.

10 Nov 2010 22:01

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U.S.: Social Security solvency suggestions draw tons of criticism

  • good Obama’s bipartisan fiscal committee wants to ensure Medicare and Social Security are around at least another 75 years, if not longer. We want to retire someday.
  • bad Their plan to do it involves pushing the retirement age back to 69, and cutting down on cost-of-living increases. Liberal groups are in a huge uproar over this. source