minimum wage
60% of the population earn between $100-$350 per month. The legal minimum salary is $100, but 6% of people receive less than the minimum salary.
The Iron Law of Wages was first proposed by Ferdinand Lassalle. It is a law of economics that states that wages always tend toward the minimum amount necessary to sustain the life of the worker.
A law setting the minimum wage below the equilibrium point might have an unintended effect that could lead to unemployment. It also prevents poor families being able to better their conditions and thus increases poverty.
David Ricardo's theory called the Iron Law of Wages came to be called the Theory of Efficiency of Wages. The Iron Law of Wages says that the worker is going to be paid the minimum wage needed to survive.
The Minimum Wages law ensures that workers are not exploited and are not over worked by companies that hire them. Law keeping checks on the good ensures that sub-standard goods not enter markets.
The minimum amount is 12% of your Basic Salary There is no maximum amount. You can contribute any % of your salary into your PF corpus
Price floor
In Salary Account 0 balance is allowed and in saving account minimum balance required
900000 Rupees is the minimum salary of a marine engineer in India.
minimum wage
No exact salary.
According to the 5 year contract signed between the owners and players in 2006, the minimum salary in 2008 is $390,000 and in 2009, the minimum salary will be $400,000.
after completion of hotel management course what's the minimum salary
Minimum Salary ---> 13,000 Maximum Salary --> 30,000..
As of 2010, the minimum salary for a first-year Major League player is $400,000.
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