Admin Table of Contents
What is an example of minimum wage?
Minimum wage by state
| State | State Minimum Wage |
|---|---|
| California | $13.00 (employers with 25 or fewer employees) $14.00 (employers with more than 25 employees) |
| Colorado | $12.32 |
| Connecticut | $12.00 ($13.00 effective August 1, 2021) |
| D.C. | $15.00 ($15.20 effective July 1, 2021) |
What power of Congress does setting the minimum wage come under?
The national minimum wage was created by Congress under the Fair Labor Standards Act (FLSA) in 1938. Congress enacted this legislation under its authority in Article I, Section 8 of the U.S. Constitution: “The Congress shall have power to . . . regulate commerce . . .
What kind of laws does Congress have the power to make?
The Constitution grants Congress the sole authority to enact legislation and declare war, the right to confirm or reject many Presidential appointments, and substantial investigative powers.
How might a law setting minimum wage?
How might a law setting minimum wage below the equilibrium point have an unintended effect? The effect might be less demand for workers. The law might result in wages lower than the equilibrium wage. The actual wages earned by workers might be higher than the equilibrium.
What do you mean by the law of minimum wages?
The minimum wage is the lowest wage that an employer is allowed to pay an employee, according to a law or agreement.
Who will benefit from a higher minimum wage?
Proponents argue that increasing the minimum wage to $15 also will benefit minority workers and women. A $15 minimum wage would give 31 percent of African Americans and 26 percent of Latinos a wage increase.
What determines the minimum wage?
Minimum wage rates are determined by factors such as poverty threshold, prevailing wage rates as determined by the Labor Force Survey, and socio-economic indicators (i.e. inflation, employment figures, Gross Regional Domestic Product, among others), which insures better workers protection.
What is the minimum wage mandate and what purpose does it serve?
The purpose of minimum wages is to protect workers against unduly low pay. They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all who are employed and in need of such protection.