wage rate

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    Why a federal minimum wage law?

    Why a federal minimum wage law? There are libertarians and/or credible economists that continue arguing the justification of a minimum wage rate. Currently, all of the world's industrial nations have government laws similar to our federal minimum wage rate, or some quasi-government organization...
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    How inflationary is the federal minimum wage rate?

    How inflationary is the federal minimum wage rate? Although labor contributes a substantial portion, labor is only a portion of aggregate products' costs; (this is true even among service products). The federal minimum wage rate effects Low-wage labor and has extremely little proportional...
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    H.R. 582, “Raise the wage act”

    H.R. 582, “Raise the wage act” is a good bill, but opponents of the bill will refrain from mentioning the minimum hourly rate will not be $15 until 7th year after the bill's passage. In the likely case that it's not passed through and added to our federal statutes, I urge U.S. Congressional...
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    How does the federal minimum wage rate effect all USA wage rates?

    How does the federal minimum wage rate effect all USA wage rates? If the theoretical indefinite U.S. markets' determined minimum wage rate is $5/per Hr, If X = $5/per Hr; ($7.25 -X)/per Hr. = is the difference between the federal and market's minimum rates. Difference between the federal and...

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