Wages flat? Minimum wage is going up another 6.6% Jan 2008 (to $8) here in California. Unfortunately, I don’t think this will help the housing market much.
From our helpful state’s website on the matter:
Q. What is the minimum wage?
A. Beginning January 1, 2007, the minimum wage in California is $7.50 per hour. Effective January 1, 2008, the minimum wage in California will be $8.00 per hour.
For sheepherders, however, effective July 1, 2002, the minimum wage was set at $1,200.00 per month. Effective January 1, 2007 this wage was increased to a minimum monthly salary of $1,333.20. Effective January 1, 2008, the minimum monthly salary for sheepherders will be $1,422.52. Wages paid to sheepherders may not be offset by meals or lodging provided by the employer. Instead, there are provisions in IWC Order 14-2007, Sections 10(F), (G) and (H) that apply to sheepherders with respect to monthly meal and lodging benefits required to be provided by the employer.
