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Statutory minimum wages are utterly unrelated to fairness. Such rates are literally arbitrary - there is no reason the MW is $x instead of $X +$1. And arbitrary is the opposite of fair.
Also min wage is proven to price unskilled, low-skill, high-risk young workers out of any rational labor market. The kids WOULD work for less than the MW, but employer cannot let them - unfair to employer and worker.
What else can I help you with?
Minimum wage in the 1920s?
what was the minimum wage in the 1920
What is the minimum wage in Idaho?
The minimum wage in the state of Idaho is $7.25 an hour, the same as the federal minimum wage. This minimum wage was enacted in 2007.
How much was minimum wage in 1910?
There was no minimum wage in 1910.
The minimum wage is an example of?
The minimum wage is an excellent example of a price floor
What would be a normative statement concerning the minimum wage?
A normative statement concerning the minimum wage is that it should be set at a level that allows individuals to meet their basic needs such as housing and food without relying on public assistance. It should also be high enough to reflect the cost of living in a particular area and should be adjusted periodically to account for inflation. Additionally the minimum wage should be set at a level that does not reduce job opportunities for those earning it. Minimum wage should be set at a level that allows individuals to meet their basic needs Minimum wage should be high enough to reflect the cost of living in a particular area Minimum wage should be adjusted periodically to account for inflation Minimum wage should be set at a level that does not reduce job opportunities for those earning itSetting the minimum wage at an appropriate level is an important part of ensuring economic fairness and protecting the livelihoods of those who are unable to earn higher wages.
Server Pay Rates Minimum Wage Tennessee?
Minimum wage tennessee
How much was minimum wage in mo in 1970?
In 1970, the minimum wage in Missouri was $1.60 per hour. This was in line with the federal minimum wage, which was also set at $1.60 during that time. Minimum wage rates have changed significantly since then, reflecting inflation and changes in the cost of living.
How some provinces and territories automatically adjust their minimum wage rates?
Some provinces and territories in Canada automatically adjust their minimum wage rates based on inflation or changes in the cost of living, ensuring that wages keep pace with economic conditions. For instance, adjustments can be tied to the Consumer Price Index (CPI), which measures changes in the price level of a basket of consumer goods and services. This mechanism helps maintain the purchasing power of workers and reduces the need for periodic government interventions to raise the minimum wage manually. Such automatic adjustments promote fairness and economic stability for low-wage earners.
Which country has minimum wage of law?
Many countries have laws mandating a minimum wage. However, specific minimum wage rates vary widely across countries. In the United States, for example, the federal minimum wage is set at $7.25 per hour, while in other countries like Australia and Luxembourg, the minimum wage is significantly higher.
What is the minimum wage for 17 year old in illinois?
The minimum wage for 17 year old in Illinois is $8.85 per hour. This is according to the rates that were provided as of 2013.
What was the minimum wage in 2000?
The minimum wage rates for 2010 are as follows in Enland £5.80/ in America $8.25/ in Europe 8.86 euro. hope that helps.
Would raising the minimum wage lower crime?
Econ 101. (simplified version) Raising the minimum wage rate would more likely than not, increase the crime rate. By increasing the minimum wage, employers will be able to hire fewer workers. At the macro level, fewer workers hired will net an increase in unemployment rates. As unemployment rates increase, so too do crime rates.
What is the federal minimum wage in Arizona?
The Federal Minimum wage is the same everywhere, $6.25 (I think), however Arizona State Minimum Wage is $6.90. It is increased every year January 1, by rates to be determined by ( I believe ) in September of each year. No matter what, the higher wage always takes precedent.
Which act sets the minimum wage and what is the current wage rate?
The Fair Labor Standards Act (FLSA) sets the federal minimum wage in the United States. As of October 2023, the federal minimum wage is $7.25 per hour, a rate that has been in effect since July 2009. However, many states and localities have established their own higher minimum wage rates.
What it the yearly salary for working at mcdonalds in Canada?
not much in ns. min wage 8.10 students only get 15 20 hr week
What is the current Minimum Wage Rates in Tanzania?
i dont care how about u get a job and find out stupid
What are the minimum wage rates in andhra pradesh state in India ie skilled semiskilled and unskilled workers?
Sir, What are the Minimum Rates of Wages in Andhra Pradesh ? S.Ramakishore rk745730@gmail.com
