It depends on what the overhead is of the company and what the level of difficulty the position is. Obviously a company who only takes in profit enough to pay 6 dollars salary cannot afford to properly serve their customers and still pay their employees a significantly larger salary. I will say that in a free market economy it is a bad idea to set a minimum wage, especially if taxes on companies are high. In the US economy today, few businesses can afford to function properly paying 7+ an hour because most states have an excessively high tax on goods.
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Divide yearly wage by 2080 hours (that's 40 hours a week for 52 weeks)
Minimum wage is a starting wage
You first need to wokr out how many hours you have worked. Then divide your yearly wage by the number of hours worked.
13.25 can be a good wage, depending on the job, and also your age.
30 hours a week
Hours x Wage
Her weekly wage is 968
Multiply the wage per hour (7.00) by the number of hours worked (35 hours).
$.75
labor !
the wage measured in dollars of constant purchasing power; the wage measured in terms of the quantity of good and services it buys.