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Show Serials Order Department University of Utah Salt Laka City, Utah Wiz About303,000oftaV437,000wage and salary workers will be affected by the 1974 minimum wage amendments that take effect today, the U.S. Department of Labor's Employment Standards Administration announced. Jesse David, acting wage-hou- r area director in Salt Lake City for Montana, Utah, and Wyoming, explained that the 1974 amendments to the Fair Labor Standards Act (FLSA) set three minimum wage levels, each level determined by when the workers were first brought under coverage, all of which eventually raise to $2.30 an hour. Davis said that Utah has 173,000 nonfarm workers who were covered before 1966; 83,000 farm and nonfarm workers added by the 1966 amendments; and 47,000 workers just brought under coverage with the 1974 amendments. Davis pointed out the new minimum wage levels for these groups : For nonfarm workers covered to the 1966 FLSA amendments, prior the current $1.60 minimum wage levels for workers is raised to $2.00 an hour today; $2.10 on January 1, 1975; and $2.30 on January 1, 1976. For nonfarm workers covered by the 1966 and 1974 amendments, the minimum wage is $1.90 beginning today; $2.00 on January 1, 1975; $2.20 on January 1, 1976; and $2.30 on Consymer are above a level set by1 the Secretary ' of Labor. Additionally, the 1974 FLSA amendments broaden provisions allowing e students at no employment of less than 85 percent of the appropriate minimum wage and expand coverage of the Age Discrirnination in Employment Act to the newly covered government employees and to all employers with 20 or more workers, instead of the previous minimum. The Wage-Hou- r Division of the Labor Department is responsible for enforcing the Fair Labor Standards Act. It is located in Room 3207 Federal Building, 125 South State Street, Salt Lake City 84111 (phone full-tim- 801524-5706- ). Legal Secretary of the Year 2 2 3 3 4 5 5 6 Legals Probate Court Suits Partnerships Divorces Business Licenses Third District Court Supreme Court Decisions Murray Power Murray City Court Bankruptcies Tax Liens Bountiful Power 3 Mrs. Ronald L. (Jean) Mullen of Salt Lake City was named Tgal Secretary of the Year by the Salt ike Legal Secretaries Association during c their monthly meeting at the Travebdge. The award is made annually to a member on the basis of secretarial ability, service to civic, charitable and religious activities and the Legal Secretary Association. Mrs. Mullen will compete nationally with candidates from other nals chapters. Competition is taking place at the group's 23rd annual convention in July at Houston, Texas. Mrs. Mullen has been a legal secretary for fifteen years, and is currently with the law frim of Hatch, McRae and Richardson. She has held several offices in the local association, having recently been elected as Recording Secretary. . pression upon the consumer as , motorist. These developments raise the question as to how well the consumer is adjusting to the upsurge is prices of these key budget items. Price increases of this magnitude for food and fuel far exceed the rise in disposable per capita income s, post-Worl- -- S.L Realtor Honored Tri-Ar- 9 10 10 11 11 H Supreme Court Decisions 11 H 13 .... 14 15 15 16 17 17 17 20 Mm et er debt-to-inco- y. 20-perce-nt I nt New Sales Coordinator for Tire World nt precedented mid-mod- el year changeover, auto manufacturers shut down plants that had produced large cars and switched to the production of smaller cars with reduced fuel requirements. However, there are signs that consumers are again . Mr. Huntsman Gary Huntsman, Salt Lake City, was named "Salesman of the Year" by the Salt Lake Board of Realtors. Mr. Huntsman, who is with Homefinders Realtors Salt Lake City, has been a salesman for four years. The award was presented by a former winner, A. Kyle Bettilyon, an industrial realtor and immediate past president of the Society of Industrial Realtors. The award acknowledges both professional See details page 6 food-budg- one-quart- 9 Liens Building Permits Supreme Court Calendar Mortgages Births Uniform Commercial Code Filings Trust Deeds County Business Licenses Water Service Quit Claim Deeds Bankruptcy Sales Warranty Deeds Marriage Licenses Mrs. Jean Mullen $18 one-thir- . mid-1950'- lf MONDAY,MAY6,1974 How about debt? War II inflation, theyaroportioc)f area ter-ta- x The boom in the durable goods and income spent Sir food oclinecM steadily to just undeSSM percent hr? housing industries in the early 1970's 1971, before turning upward again in boosted outstanding mortgage and in1972-7This share was stalment debt by nearly 27 percent well below that reported in other between 1971 and 1973. But total emmajor industrial nations, where food ployment increased by 5.3 miUion peraccounts for as must as to sons during the period, and the growth d in jobs and in income levels supported exof consumption the booming sales of homes, home furpenditures. The sharp decline in the claim of nishings and autos. The food upon the consumer's dollar ratio thus did not increase by allowed consumers to increase their as much as total consumer debt. Even share of discretionary purchases of so, repayments as a percentage of inother commodities and services over come rose from 22 to almost 24 perthe past quarter-centurcent, a record level of consumer repayment liabilities. At the same Adjusting, adjusting time, consumer delinquency rates Soaring prices obviously have forsoared, reaching hjgher levels than in ced a shift in food consumption patany recession of the past two decades. terns over the past year.. Consumers Consumer income available for are free, within rather broad limits, to discretionary expenditures in 1974 adjust their expenditure patterns, thus is constrained not only by the through elimination, postponement or current inflatio n but also by the substitution of items, in the case of obligations incurred over the past food, the alternatives are much more several years. Increasing claims of. restricted than for durable goods; debt repayments on disposable income nobody stops eating altogether for have reduced that fraction of purvery long. Nonetheless, American conchasing power available after payment sumers made a most remarkable adfor food, shelter and taxes. But on the hike in food other hand,- - the real resources justment to the .prices in 1973. autos, housing, furniture and the like Despite the fact that rising food acquired in the past several years inprices far outran the through the sharp expansion of debt crease in per capita disposable income, have added to the consumer's stock of consumers held their oulays for food to goods and presumably to his creature less than 16 percent of disposable in- comfort. come, matching the 1972 proportion. This was done through adjusting downward to cheaper substitutes. In particular, per capita consumption of beef dropped for the first time in 20 years, as consumers sought out less expensive sources of protein. But as inflation continued, food purchases exceeded 16 percent of disposable income in early 1974. The consumer adjustment to higher gasoline prices was even more dramatic. Despite a jump in prices, spending for gas and oil remained at less than 3Vi percent of disposable income in the first quarter of 1974, although the share undoubtedly would have been greater if more fuel had been available. Additionally, the demand for large cars simply dried up, as a result, in an un3. However, because of the slower rise of other consumer prices, the total im- consumer expenditures has Eact upon much less dramatic. Expenditures for food (except beverages) amounted to less than. 16. percent of total disposable income last year, while expenditures for fuel oil, utilities, and gasoline and oil amounted to little more than a third of food outlays. Nonetheless, if consumers are to maintain their consumption of these increasingly expensive budget items, they must forego or restrict purchases of other commodities and services. Where does the dollar go? In recent years, the largest portion income has gone to of after-ta- x the expenses and services housing 'connected with shelter. Since the the housing share of disposable income has been fairly constant at about 26 percent of the total. Over this period, however, food accounted for the largest shift in consumer expenditures, ex hi biting a sharp decline in its budget share. From a high of nearly 29 percent of d disposable income in the 1, 1978. In This Issue: low-incom- recorded during the past year. 1, 1977. time-and-a-ha- Consumer food prices have increased 18 percent over the past year because of the rise in staple and foods the cost increase has been e families. even greater for This information hardly surprises, but merely reinforces the sentiments harbored by the beleaguered 'consumer every time he has reached the checkout counter in the past year. But in this inflationary era, the rise in food prices has been eclipsed by annual increases of 39 percent for gasoline and 58 percent for fuel ofl. If anything, the combined scarcity and greater cost of gasoline has made an even deeper im- nt The $1.30 minimum hourly wage for farmworkers raises to $1.60 an hour today; $1.80 on January 1, 1975; $2.00 on January 1, 1976; $2.20 on January 1, 1977; and $2.30 on January Except for farmworkers and others specifically exempt by law, the rate for overtime (over 40 hours a week) generally applies to all workers. Among workers covered for the first time are five million Federal, State, and local government employees nationwide and 1.5 million private household workers employed for more than eight hours a week. Davis also noted that some workers are exempt from minimum wage coverage, such as outside salespersons or executive, professional, or administrative employees whose salaries o w u- - Most Utahn's Affected by New Minimum Wage Law New 5-- SALT LAKE CITY, UTAH VOLUME 1 NUMBER 5 January MCA WESTERN and civic ac- complishments. He is a member of the Salt Lake Board of Realtors and is a vice chairman of its salesmen's committee. looking with favor upon big cars now that the oil embargo has been lifted. In the short run, say, one or two quarters, saving is the balancing item in the family budget. Consumers tend to maintain their spending patterns in the face of changes in income or in the face of sharp increases in prices. An adjustment in saving is an interim witness the significant response decline in the saving rate, from 7.3 to 6.5 percent, in the quarter just ended.. If the changes in income or in the prices of budget items appear to be permanent, an adjustment wOl be made in the allocation of the consumer budget and consumers will return to their long-ru- n pattern of saving. There are some grounds for believing that there will be a slowdown in the rate of inflation in the second half of the year, and that the prices of food, fuel and gasoline will level off or decline slightly. There is much less reason to believe that these prices will return to their levels of a year ago. consumers will Consequently, to spend a larger continue probably income on food fraction of after-ta- x and gasoline at the expense of other goods. Expenditures for discretionary budget items, such as durable goods and recreation, may be most vulnerable in this respect. Mr. Kingsdon Dan A. Kingdon has been named fleet sales coordinator for Tire World, a division of Rick Warner Ford, according to Boyd Wach, manager of Tire World. Mr. Kingdon, in the tire business for the past 30 years, was vice president and general manager of Commercial Tire Service in Provo and general manager of General Tire Service, a branch of General Tire and Rubber Co., in Salt Lake City and San Diego, California. Born in Salt Lake City and a graduate of West High School, Mr. Kingdon began hus business career in Salt Lake City with Goodyear Tire and Rubber Co. where he spent 16 years, the last seven as district sales manager of the intermountain area. "Mr. Kingdon's appointment as fleet sales coordinator marks the expansion beginning of a large-scal- e program at Tire World that includes not only our tire sales but service as well," said mr. Wach. "Mr. Kingdon is an acknowledged expert in this field and we expect to widen our operations under his direc- tion in eastern Nevada, Utah, southern Idaho and southwestern Wyoming," Mr. Wach added. |