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It's a democratic policy used in an attempt to ensure that economic freedom doesn't escalate into unfair working conditions.
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∙ 13y ago
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What has the author John P Formby written?
John P Formby has written: 'Minimum wages and poverty' -- subject(s): Poverty, Poor, Government policy, Unemployment, Effect of wages on, Minimum wage, Wage-price policy, Employment
Who sets the minimum wage?
Government, via legislation.
When the government sets a price floor on earnings it is called what?
Minimum wage.
How can the government affect the wage of workers?
By increasing or decreasing the minimum wage.
Where should a minimum wages poster be located in a company?
The minimum wage is determined by the federal government and can be exceeded by the state government. It is public information. Employers are not required to post notices about the minimum wage.
What is a example of a government price control?
minimum wage
What is the minimum wage in Philippine?
The minimum wage in Metro Manila is $4.02 per day. But this varies depending on industry. There is an article about it here: http://cebuexperience.com/living-in-the-Philippines/philippine-government/minimum-wage-in-the-philippines/
What is the current minimum wage in New York State?
The current minimum wage in New York State is $7.25 USD an hour. This meets the bottom threshold of the minimum nationwide wage set by the United States Federal Government.
Which selection is an example of a government price control?
minimum wage
What branch of government decides what the minimum wage should be?
Congress
What is it called when the government sets a price on earnings?
Minimum wage.
How many states pay only pay minimum wage?
Each state has a minimum wage level, that is either equal or more than the federal government's minimum wage. There are many JOBS that only pay minimum wage, but unless you or the job you're working under don't meet the minimum wage guidelines set forth by your state, you should be earning at least what your state's minimum hourly wage is.
