An economic analyst says timetable changes made to Maryland’s minimum wage increase bill will mean $875 a year less in a full-time worker’s yearly earnings, compared to Gov. Martin O’Malley’s original plan.
The rapidly swelling cost of student loan debt is not being inflated simply by unaffordable undergraduate and associate degrees – 40 percent of the $1 trillion in outstanding student loan debt paid for expensive post-graduate and professional degrees.
Gov. Martin O’Malley is proposing Maryland raise its minimum wage to $10.10 an hour by 2016.
President Barack Obama has nominated Janet Yellen, the Federal Reserve’s vice chair, to be chairman of the nation’s powerful central bank, succeeding Ben Bernanke.
Ranging from the monthly grocery bill to day care, the cost of raising a child born in 2012 will cost a middle-income family $241,080 by the time they are 18 years old.
President Barack Obama’s call to raise the minimum wage to $9 an hour and boost it annually to keep pace with inflation is already getting a trial run. Ten states make similar cost-of-living adjustments, including Washington state, where workers earn at least $9.19 an hour, the highest minimum in the country.