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Tom Wolf
Tom WolfDemocrat, PACurrent Position:Governorsince January 01, 2015
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Community on Jobs/Wages

Community: Jobs/Wages

While the reported Unemployment Rate is low, the actual Labor Participation Rate is at 40 year lows. 32% of millennials still live at home, and many don’t have jobs in their field of expertise. Business claims regulations are hurting them. The left says a federally-mandated minimum wage can provide economic security for millions of food service workers, while the right says it drives up costs and causes job cuts. What do you think? Join the debate.

Facts & Stats
To be classified as unemployed, an individual must either not have a job or be "not actively seeking work". Note: all persons who are not classified as employed or unemployed are considered not in the labor force. As such, the classification of individual can greatly affect the real vs the reported unemployment rate.To be classified as employed, an individual must be actively working or have a job from which he or she is temporarily absent due to vacation, illness, a labor dispute, or bad weather.The top federal tax rate for individuals for individuals in 2015 was 39.6%. In 1915 it was 7%.The Labor Participation Rate shows the percentage of Americans, age 16 years or older, who are currently working. The historical Labor Participation Rate for the United States for the last 30 years has ranged between 66 and 67%. As of Jan 1, 2016, it stan

Applicable Keywords:

minimum wage, income inequality, treaties/trade agreements, youth unemployment , taxation, tax rates, estate tax, fair share, income inequality, tax reform, tax rates, internal revenue service, irs, federal minimum wage, raising minimum wage, equal pay