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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.
What was minimum wage in 1977 in fl?
In 1977, the minimum wage in Florida was set at $2.30 per hour. This was in line with the federal minimum wage at that time, which was also $2.30. Minimum wage rates have evolved significantly since then, reflecting changes in the economy and cost of living.
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.
What was the minimum wage in 1979 for Oklahoma?
In 1979, the minimum wage in Oklahoma, like the federal minimum wage, was $2.90 per hour. This rate was established as part of the Fair Labor Standards Act, which set the minimum wage across the United States. Adjustments to the minimum wage have occurred over the years, 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.
What was the minimum wage in Idaho in 1966?
In 1966, the minimum wage in Idaho was $1.25 per hour. This rate was in line with federal minimum wage laws at the time, which were established to protect workers’ rights and ensure fair compensation. Over the years, the minimum wage has been adjusted to reflect changes in the economy and cost of living.
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 nation recovery administration take to restore the nations economy?
it established a minimum wage.
What step did the national recovery administration NRA take to the nations economy?
it establish minimum wage
