If a firm, by producing two more units of output can increase total revenue by $100, then the marginal benefit or marginal revenue per additional unit of output would be $50. This is computed by taking the change in total revenue divided by the change in output.
On June 12, 2015, the Oregon legislature passed Senate Bill 454, legislation that will require most employers with 10 or more employees in Oregon to provide employees with up to 40 hours per year of paid sick leave. As discussed below, Portland employers with six or more employees already must provide sick leave.
Oregon Adopts Tiered Minimum Wage Increase Effective July 1, 2016. Oregon is the first state in the nation to enact a statewide tiered minimum wage. Oregonâs new minimum wage law will phase in wage increases over a six-year period starting July 1, 2016. Eventually, the law will require employers located in the Portland metro-area to pay a minimum wage $2.25 an hour higher than the minimum wage for the stateâs lowest density counties.