Walmart, our nation's largest retailer, is cutting some 30,000 part-time employee's health care benefits, due to the rising costs for the company.
It's standard in today's American workplace to work 8 hours a day, 40 hours a week. But did you ever wonder where they came up with those numbers in the first place? The short answer, labor unions lobbied Congress for decades until The Fair Labor Standards Act of 1938 was signed into law by President Franklin Roosevelt.
In the last two State of the Union addresses by President Barack Obama, the raising of the minimum wage has been brought up. Obama urged the nation to vote on and be in support of proposed legislation that would raise the minimum wage from the national level that it is now at $7.25/hour to a more reasonable sum of $9.00/hr in his 2013 address, and $10.00/hour in his 2014 address.
Entrepreneurs News & Opinion Articles
Democratic Legislation that Benefits Entrepreneurs
|02/22/12||Self-employed social security payroll tax reduction from 12.4% to 10.4 % extended through 2012 ||Middle Class Tax Relief and Job Creation Act|
|09/16/11||Patent litigation costs reduced through tightened patent standards, quality and processes to expedite challenges.||America Invents Act|
|09/16/11||Entrepreneurs and businesses benefited by reduced average wait time for patent approvals from 3 years to 1 year.||America Invents Act|
Videos on Entrepreneurs