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InvestorHire
  • Home
  • Articles
  • FAQ
  • Talent Acquisition
  • Work for Us
  • Founders or Inventors
  • News
    • Catastrophic 7.7-Magnitude Earthquake Devastates Myanmar and Thailand
    • Quantum Teleportation Breakthrough
    • Global Markets Tumble as Tariff Fears Escalate
    • Tariffs and Tensions: How Global Trade Policies Are Shaping the Economy
    • Elephant Tranquilizer Hits Bay Area: Carfentanil Threatens Lives
  • Executives & Advisors
  • Partners
  • Volunteers
  • Investors
  • Mergers & Acquisitions
  • More
    • Home
    • Articles
    • FAQ
    • Talent Acquisition
    • Work for Us
    • Founders or Inventors
    • News
      • Catastrophic 7.7-Magnitude Earthquake Devastates Myanmar and Thailand
      • Quantum Teleportation Breakthrough
      • Global Markets Tumble as Tariff Fears Escalate
      • Tariffs and Tensions: How Global Trade Policies Are Shaping the Economy
      • Elephant Tranquilizer Hits Bay Area: Carfentanil Threatens Lives
    • Executives & Advisors
    • Partners
    • Volunteers
    • Investors
    • Mergers & Acquisitions

EVERYTHING MAINE

Statistics:

Maine has a population of approximately 1.3 million people (according to the US Census Bureau as of 2020).

The labor force participation rate in Maine is 62.5% as of January 2023, according to the Bureau of Labor Statistics (BLS).

The unemployment rate in Maine is 2.7% as of January 2023, according to the BLS.

The median hourly wage for all workers in Maine is $18.04 as of May 2020, according to the BLS.

The largest industry in Maine is healthcare and social assistance, followed by retail trade, and accommodation and food services, according to the BLS.

Labor Laws:

The Maine Department of Labor oversees labor laws and workplace safety regulations in Maine.

The minimum wage in Maine is $13.00 per hour as of January 2023.

Overtime pay is required for non-exempt employees who work more than 40 hours per week. The overtime rate is 1.5 times the regular rate of pay.

Maine law requires employers to provide paid sick leave to eligible employees, at a rate of one hour of paid leave for every 40 hours worked, up to a maximum of 40 hours per year.

Maine is an at-will employment state, which means that either the employer or the employee can terminate the employment relationship at any time, for any reason or no reason at all, as long as the reason is not illegal (such as discrimination based on race, gender, age, etc.).

Maine law prohibits discrimination in employment based on race, color, religion, sex, national origin, age, disability, or genetic information. Employers are also required to provide reasonable accommodations to employees with disabilities, unless doing so would cause undue hardship.

Maine law requires employers with three or more employees to provide workers' compensation insurance coverage for their employees, to cover medical expenses and lost wages in case of a work-related injury or illness.

Some of the major cities in Maine include: Portland, Lewiston, Bangor, South Portland, Auburn, Biddeford, Sanford, Saco, Augusta, Westbrook



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INQUIRE

Disclaimer: Invest or Hire, LLC is not a registered broker-dealer but manages connecting businesses for the sake of economic growth. We are not able to be involved in any negotiation processes through private investment fundraising procedures especially as it pertains to those involving securities. We scout and connect for both founders/inventors as well as investors in addition to talent acquisition and providing business resources.                                                                                  


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