0
What else can I help you with?
If your state raises the minimum wage will your pay increase?
if you are on the minimum wage, then yes, your pay should reflect that.
Which method is economically efficient if the hourly wage rate and implicit rental rate of capital are i Wage rate 1 rental rate 100 ii Wage rate 5 rental rate 50 iii Wage rate 50 rental rate?
i think i also no idea about this
Does a flat rate guy get a raise by law?
No worker gets a "raise by law" except government employees. And the workers earning the minimum wage - fewer than 1 million of the 140 million employed - only when Congress raises the min wage.
How much do Waldbaum's employees get paid?
Minimum wage, and no raises ever.
What happens when government raises the minimum wage above market levels?
When the minimum wage is above the market levels, people undergo loss of work as companies tend to hire less. This in turn affects the economy of the country and the unemployment rate shoots up.
What is Money wage rate?
The money wage rate is the number of dollars that an hour of labor earns.
Is medicare tax calculated on COLA payments?
If the COLA is on something, like a contract wage, that was FICA taxable, then yes. The FICA taxableness is based on what the payment is actually for...not how it's calculated (which is what the COLA does).
If real wage rate is 10.00 per hour and the price level is 60 what is the money wage rate?
$6.00
How can one calculate the real wage rate?
To calculate the real wage rate, you need to divide the nominal wage rate by the price level index. This will give you the purchasing power of your wages after accounting for inflation.
What is the minimum wage in Florida?
The minimum wage in Florida is $7.93 as of January 2014. This rate is adjusted regularly based on the rate of inflation.
What is differences between shadow wage rate and market wage rate?
Shadow wage rate is much more mysterious and sexy than Wage Rate. Some would even say more dangerous. Market wage rate is what they pay people who work in the market. One day all the market workers will have their paychecks do situps and become the sexy shadow wage rate. One can only hope. Not sure if my answers are spot on but I'm betting an economist would admit that I am in the same ballpark.
Paying an above-equilibrium wage rate?
There are some companies that choose to pay above average wage rate. They start their employees cents or dollars above the base wage.
