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How are the minimum wage and union wages similar and how are they different?
Very few union members work for minimum wage because they are skilled workers. Union members come together to demand wages that are higher than minimum wage because they offer experience and skills that the unskilled non-union members cannot. When the minimum wage increases by law, there is a smaller difference between the minimum wage and the union wage, and it becomes more beneficial for employers to hire skilled union members than unskilled workers at the minimum wage because the marginal benefit of the union members' skills is worth the marginal cost of the union wages.
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 the minimum wage now in California on 2014?
The minimum wage rate for California, as of 1st January 2008, is $8 per hour. This is currently higher than the US federal minimum wage rate. However, in the event that the US federal minimum wage rate rises above that established by the California state government, employees must be paid the higher rate.
What is the minimum wage in Manitoba?
$10.70 is the minimum wage in Manitoba. This rate was last changed on 2014 October 1.
What is the NBA minimum wage?
427163 for 2007-08. However the rate goes up with tenure.
What is the UK's minimum wage?
The national minimum wage will rise to £5.73 an hour
What is the minimum wage in New Brunswick?
$10.30 is the minimum wage in New BrunswickThis rate was last changed on 2014 December 31.
What is the North Carolina state minimum wage?
As of August, 2014, the minimum wage for North Carolina is $7.25 USD. This figure became the legal minimum rate in 2009.
What was the Maryland minimum wage in 2008?
The minimum hourly wage is $7.25 in Maryland pegged to the Federal Minimum Wage rate as of 2009. The rate is $10.50 in many counties (considered a living wage) for employers who have federal contracts. Tipped employees have a minimum hourly wage of $3.63, higher than the federal level of $2.13.
Most countries around the world have some sort of minimum wage law Explain why the minimum wage may hurt workers as much as help them?
Minimum wage may hurt a worker if the rate of inflation is higher than the minimum wage.
What is the minimum wage in Newfoundland?
$10.25 is the minimum wage in Newfoundland and Labrador This rate was last changed on 2014 October 1.
How many states in the union have minimum wages?
All of them, since there is a federal minimum wage that applies to all states who don't set their own higher minimum wage limit.
