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An increase in the minimum wage is a form of redistribution from higher-income persons (business owners or "capital") to lower income persons (workers or "labor") and therefore should reduce income inequality. The CBO estimated in February 2014 that raising the minimum wage under either scenario described above would improve income inequality.
Reduce benefits for new retirees. If Social Security benefits were reduced by 3% to 5% for new retirees, about 18% to 30% percent of the funding gap would be eliminated. [citation needed] Average in more working years. Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if ...
The average CEO owns so little company equity, that even if their compensation package was so wasteful and excessive it reduced the company's value by $100 million, this would cost the (average) CEO only $1 million in lost value of shares and options, [233] a fraction of the $9 million in annual income the top 500 executives in the US averaged ...
Bulgaria, having paid only a fraction of what was required, saw its reparation figure reduced and then cancelled. Historians have recognized the German requirement to pay reparations as the "chief battleground of the post-war era" and "the focus of the power struggle between France and Germany over whether the Versailles Treaty was to be ...
A one-dollar note issued by the Second Continental Congress in 1775. The Second Continental Congress used four main methods to cover the cost of the war, which cost about 66 million dollars in specie (gold and silver). [30] Congress made two issues of paper money, in 1775–1780, and in 1780–81. The first issue amounted to 242 million dollars.
The currency of Singapore is the Singapore dollar (SGD or S$), issued by the Monetary Authority of Singapore (MAS). [268] It has been interchangeable with the Brunei dollar at par value since 1967. [269] MAS manages its monetary policy by allowing the Singapore dollar exchange rate to rise or fall within an
Airbus's publicity has stressed the comfort and space of the A380 cabin, [220] and advertised onboard relaxation areas such as bars, beauty salons, duty-free shops, and restaurants. [ 221 ] [ 222 ] Proposed amenities resembled those installed on earlier airliners, particularly 1970s wide-body jets, [ 223 ] which largely gave way to regular ...
In 2001, it agreed to pay a $1.46 million fine for violating federal and Illinois clean-air regulations at its Decatur feed plant and to spend $1.6 million to reduce air pollution there. [60] In 2003, the company settled federal air pollution complaints related to its efforts to avoid New Source Review provisions of the Clean Air Act that ...