The minimum wage is an excellent example of a price floor
minimum wage
An example of a ceiling would be rent controlled apartments. A floor would be minimum wage.
minimum wage
Tennessee is one of 5 states that has not set a minimum wage. The state would then go by the federal minimum wage. The federal minimum wage is $7.25 per hour effective July 24, 2009.
The minimum wage is an excellent example of a price floor
a price floor.
The minimum wage for a bake would depend on the state that the baker is working. In many states the minimum wage would be $7.25 per hour, and in others it would be $9.22 an hour.?æ
minimum wage
An example of a ceiling would be rent controlled apartments. A floor would be minimum wage.
minimum wage
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.
Tennessee is one of 5 states that has not set a minimum wage. The state would then go by the federal minimum wage. The federal minimum wage is $7.25 per hour effective July 24, 2009.
The minimum wage is $7.25, the same as federal minimum wage.
Example sentence - The minimum wage for the job was more than I expected.
minimum wage laws, laws specifying the lowest wage a company can pay an employee
there was no minimum wage then:)