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Yes, minimum wage can be found in a command economy, where the government centrally plans and regulates economic activities, including labor standards. In such economies, the state may impose a minimum wage to ensure a baseline level of income for workers, aiming to control living standards and reduce poverty. However, the effectiveness and enforcement of minimum wage laws can vary depending on the specific characteristics and governance of the command economy.
What else can I help you with?
Does raising the minimum wage help the economy?
Many people do not think raising the minimum wage is going to help the economy.
What step did the national recovery adminstration take to restore the nations economy?
It established a minimum wage.
What is an example of how the U.S. government is involved in the economy?
It has imposed minimum wage laws.
What is an example of economic equity?
The implementation of a minimum wage also helps increase equity in the economy. Low-wage workers not only receive equal compensation at the minimum wage, but the minimum standard of living for the employed is raised, which helps to reduce the national income gap.
The US has a mixed economy meaning it is mostly a market economy but some aspects of the economy are regulated by the government what is an example of how the US gover?
It has imposed minimum wage laws.
Does raising the minimum wage help the economy?
Many people do not think raising the minimum wage is going to help the economy.
What step did the national recovery adminstration take to restore the nations economy?
It established a minimum wage.
How much was minimum wage in Arizona in 1980?
In 1980, the minimum wage in Arizona was $3.35 per hour. This amount was consistent with the federal minimum wage at that time, which was also $3.35. Arizona's minimum wage has since increased significantly, reflecting changes in the economy and cost of living.
Setting minimum wage is an example of enforcement of what power?
government power in an economy.
What is an example of how the U.S. government is involved in the economy?
It has imposed minimum wage laws.
How can I obtain a copy of the federal minimum wage poster?
I have researched this topic for you and found that you can actually obtain a copy online. One of the sites that I found offering a Federal minimum wage poster is minimum-wage.org/posters.asp.
What is an example of economic equity?
The implementation of a minimum wage also helps increase equity in the economy. Low-wage workers not only receive equal compensation at the minimum wage, but the minimum standard of living for the employed is raised, which helps to reduce the national income gap.
What step did the national recovery administration NRA take to the nations economy?
it establish minimum wage
What step did the nation recovery administration take to restore the nations economy?
it established a minimum wage.
What is the minimum wage in Kansas?
The minimum wage is $7.25, the same as federal minimum wage.
Did they have a minimum wage in the 1800s?
there was no minimum wage then:)
What step did the national recovery administration NRA take to restore the nation economy?
It established a minimum wage.
