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Raising the minimum wage can help improve the standard of living for low-income workers by providing them with higher wages to meet their basic needs. This can reduce poverty levels and stimulate economic growth as workers have more money to spend, boosting consumer demand. Additionally, it can reduce income inequality and help bridge the gap between the rich and the poor.
What else can I help you with?
What is a example of a government price control?
minimum wage
Which selection is an example of a government price control?
minimum wage
What is an example of how the U.S. government is involved in the economy?
It has imposed minimum wage laws.
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.
Minimum wage in the 1920s?
what was the minimum wage in the 1920
What are reasons why you should raise the minimum wage?
Some people believe that the National Minimum Wage is too low for people to live off. This request have been given to the Government numerous times and it is slowly rising.
What branch of government decides what the minimum wage should be?
Congress
Where should a minimum wages poster be located in a company?
The minimum wage is determined by the federal government and can be exceeded by the state government. It is public information. Employers are not required to post notices about the minimum wage.
If I make 7.25 an hour and the governor raised minimum wage to 9.15 indexed to inflation should I be getting a raise?
When the governor raises the minimum wage to 9.15 per hour, you will get a raise as soon as the law goes into effect.
Whats the minimum wage in NY?
As of August 2014, the minimum wage in New York is approximately $8.75. The minimum wage is expected to raise to $9.00 by December 2015.
Does congress have the power to raise the minimum wage to ten dollars an hour?
No. Congress does not have the power to establish a minimum wage at all.
Will Barack Obama raise the minimum wage?
he wants to raise it to $9.50 an hour by 2011
Does congress have the power to raise minimum wage to ten dollars an hour?
Yes Congress can regulate the minimum wage. Congress also created the federal minimum wage in 1938. The current minimum wage is $7.25.
Who sets the minimum wage?
Government, via legislation.
What type of interest groups would most likely be concerned if the government was going to raise the minimum wage?
business/labor interest groups
How many states pay only pay minimum wage?
Each state has a minimum wage level, that is either equal or more than the federal government's minimum wage. There are many JOBS that only pay minimum wage, but unless you or the job you're working under don't meet the minimum wage guidelines set forth by your state, you should be earning at least what your state's minimum hourly wage is.
Why did JFK raise the minimum wage?
He raised minimum wage to help the American people out. He wanted to make life easier for the Americans~Kim`
