30 pecent new minimum wage pay structure
A 30% new minimum wage pay structure would mean that the minimum wage would increase by 30% from its current level. Let's assume the current minimum wage is $15.00 per hour.
New minimum wage = Current minimum wage x (1 + 0.30) = $15.00 x 1.30 = $19.50 per hour
So, a 30% increase in the minimum wage would result in a new minimum wage of $19.50 per hour.
Here's a breakdown of the new pay structure:
- Current minimum wage: $15.00 per hour
- 30% increase: $4.50 per hour
- New minimum wage: $19.50 per hour
This new pay structure would mean that employees earning the minimum wage would receive a significant increase in their hourly wage, which could help to improve their standard of living and reduce poverty.