Statutory minimum wages are utterly unrelated to fairness. Such rates are literally arbitrary - there is no reason the MW is $x instead of $X +$1. And arbitrary is the opposite of fair.
Also min wage is proven to price unskilled, low-skill, high-risk young workers out of any rational labor market. The kids WOULD work for less than the MW, but employer cannot let them - unfair to employer and worker.
what was the minimum wage in the 1920
The minimum wage in the state of Idaho is $7.25 an hour, the same as the federal minimum wage. This minimum wage was enacted in 2007.
There was no minimum wage in 1910.
The minimum wage is an excellent example of a price floor
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 tennessee
Many countries have laws mandating a minimum wage. However, specific minimum wage rates vary widely across countries. In the United States, for example, the federal minimum wage is set at $7.25 per hour, while in other countries like Australia and Luxembourg, the minimum wage is significantly higher.
The minimum wage for 17 year old in Illinois is $8.85 per hour. This is according to the rates that were provided as of 2013.
The minimum wage rates for 2010 are as follows in Enland £5.80/ in America $8.25/ in Europe 8.86 euro. hope that helps.
Econ 101. (simplified version) Raising the minimum wage rate would more likely than not, increase the crime rate. By increasing the minimum wage, employers will be able to hire fewer workers. At the macro level, fewer workers hired will net an increase in unemployment rates. As unemployment rates increase, so too do crime rates.
The Federal Minimum wage is the same everywhere, $6.25 (I think), however Arizona State Minimum Wage is $6.90. It is increased every year January 1, by rates to be determined by ( I believe ) in September of each year. No matter what, the higher wage always takes precedent.
not much in ns. min wage 8.10 students only get 15 20 hr week
i dont care how about u get a job and find out stupid
Sir, What are the Minimum Rates of Wages in Andhra Pradesh ? S.Ramakishore rk745730@gmail.com
According to the US State Department of Labour, the minimum wage in NYC was raised to $7.25 on July 24, 2009.New Wage Order Rates and Allowances Effective July 24, 2009. With the increase in minimum wage, many of the rates for tips, uniform maintenance, meals, lodging, and executive & administrative exemption have also increased proportionally, rounded off to the nearest nickel. Click on either the full text of the Wage Orders for the Building Service, Restaurant, Hotel, Miscellaneous and Farm industries, or the summary of wage order rates and allowances. Exception: while the Farm minimum wage went up, there have been no changes in the other rates and allowances on farms.source: //www.labor.state.ny.us/workerprotection/laborstandards/workprot/minwage.shtm
The minimum wage is $7.25, the same as federal minimum wage.
there was no minimum wage then:)