Minimum wage rates:
Minimum wage rates do not "regulate" prices of labor:
There are many factors affecting prices of products, but they do not "regulate" the market prices of those goods and services.
Realestate and school taxes do not "regulate" the prices of houses, and weather does not regulate the prices of agricultural products. Legally enforced minimum wage rates do not "regulate" labor markets' prices.
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The federal minimum wage rate's A MINIMUM, but it's not THE MINIMUM wage rate for our entire nation.
Federal law reduces the extent that a lower wage rate state is able to undermine the wage rates of other USA states. Until the federal law's repealed or the U.S. Supreme Court overturns their prior courts' decisions, the federal minimum wage rate remains to be the federal law.
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I'm among the proponents for the federal minimum wage rate to be annually increased gradually in a uniform manner until it achieves a value no less than 125% of its February-1968 purchasing power. Thereafter it should be monitored and automatically be annually, (if required) adjusted to retain no less than that level of purchasing power. Respectfully, Supposn
Minimum wage rates do not "regulate" prices of labor:
There are many factors affecting prices of products, but they do not "regulate" the market prices of those goods and services.
Realestate and school taxes do not "regulate" the prices of houses, and weather does not regulate the prices of agricultural products. Legally enforced minimum wage rates do not "regulate" labor markets' prices.
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The federal minimum wage rate's A MINIMUM, but it's not THE MINIMUM wage rate for our entire nation.
Federal law reduces the extent that a lower wage rate state is able to undermine the wage rates of other USA states. Until the federal law's repealed or the U.S. Supreme Court overturns their prior courts' decisions, the federal minimum wage rate remains to be the federal law.
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I'm among the proponents for the federal minimum wage rate to be annually increased gradually in a uniform manner until it achieves a value no less than 125% of its February-1968 purchasing power. Thereafter it should be monitored and automatically be annually, (if required) adjusted to retain no less than that level of purchasing power. Respectfully, Supposn