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Who sets the minimum wage?
Government, via legislation.
What branch of the department of labor sets standards of minimum wage overtime and breaks and meal periods?
Wage and Hour Division
What branches of the Department of Labor sets standards of minimum wage overtime pay and breaks and meal periods?
Wage and Hour Division
What branch of the Department of Labor sets standards of minimum wage overtime pay and breaks and meal periods?
Wage and Hour Division
What is it called when the government sets a price on earnings?
Minimum wage.
When the government sets a price floor on earnings it is called what?
Minimum wage.
When working for someone who is under contract by the US Government who sets the wage scale the Government or the Employer under contract?
The employer.
Which act sets the minimum wage and what is the current wage rate?
The Fair Labor Standards Act (FLSA) sets the federal minimum wage in the United States. As of October 2023, the federal minimum wage is $7.25 per hour, a rate that has been in effect since July 2009. However, many states and localities have established their own higher minimum wage rates.
What government sets wages?
Wages are typically set by a combination of factors, including government regulations, market conditions, and collective bargaining agreements. In many countries, national or regional governments establish minimum wage laws that set the lowest legal pay for workers. Additionally, some sectors may have specific wage-setting mechanisms through unions or industry standards. Ultimately, while the government can influence wage levels, market forces and employer decisions also play significant roles.
You live and work in a country that tells you where to work and sets your wage The goods you produce go to the government which then sells them in government run stores What type of economy do you?
Command
Which of the five purposes of government is served when government regulates a workplace sets a minimum wage intervenes in a strike or otherwise gets involved in decisions about the production and?
Economic stability
Which of the five purposes of government is served when government regulates a workplace sets a minimum wage intervenes in a strike or otherwise gets involved in decisions about the production?
Economic stability
