What Could You Buy With $100 Worth of Silver or Gold if You Invested 40 Years Ago?
As the purchasing power of the U.S. dollar decreases by the year, investors are turning to precious metals. The public has not yet figured out that the dollar’s devaluation is ongoing and that holding physical precious metals rather than cash is an effective way of protecting their purchasing power over time. Grasping the concept of dollar devaluation is difficult for many. One of the most effective methods used to illuminate this concept is through illustrations. We at Money Metals Exchange decided to use a $100 gold/silver investment from 1971 and convert the value into its worth today. Infographic provided by Money Metals Exchange
Under the Fair Labor Standards Act (FLSA), workers in the United States must be paid at least a minimum wage — currently set at $7.25 an hour. While states and municipalities have the power to establish higher wages — for example, Washington is $9.32 and San Francisco is $10.74 — the federal minimum wage creates a base level for most employees. The only exceptions to the rule are certain tipped employees, full-time students, youth workers and disabled workers.
According to the Bureau of Labor Statistics, 1.6 million hourly workers earned the federal minimum wage in 2012, with nearly 2 million more earning less than the minimum because they fell under one of the above exemptions. More than half of minimum wage employees work in the leisure and hospitality industry, followed by retail, education and health services.
How did we get to today’s rate of $7.25 an hour?
Let’s take a closer look at the history of the minimum wage.
No one wants to speak to a recording when they call up a business’s customer service number. However, it’s obviously cheaper for business owners to utilize a computer automated system than to pay an actual human, who they have to pay for hours worked, plus sick pay and holidays and breaks and so on. But there’s a middle ground that business owners would be wise to look into: virtual receptionists. Virtual receptionists are only paid for actual time worked. For this reason, a virtual receptionist is far cheaper than hiring an in-house receptionist. Plus, they eliminate the computer automated system and create a much higher customer satisfaction rate. Virtual receptionists are the answer to creating a cheaper alternative to the traditional receptionist. Keep your customers happy, so that they will return for repeat business: Invest in virtual receptionists today. For more information, check out the infographic below, originally posted by CallRuby.com.
Making free calls while travelling has never been more simple than with KNCTR. Learn some interesting facts about travelling and calling with this informative infographic and make sure you don’t get caught with $23,000 in roaming charges, like one Canadian woman did, in June 2013. Check out KNCTR and find out how you can make FREE calls back home to the U.S. or Canada, while travelling abroad.
Are you considering moving out of the country? Perhaps Beijing, China is the place for you. When moving to Beijing, or any other place, it’s important to do your research. If you’ve ever wondered how moving to such a place would compare to your home in America, this infographic, brought to you by YCIS, is a great resource to help guide your way.