Suppose that in two months time the minimum wage is set to increase by $1 per hour. This is likely to?.

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04-11-2022
Business

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Suppose that in two months time the minimum wage is set to increase by $1 per hour. This is likely to?.

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AnushkaSh AnushkaSh · Answer 1 · 2022-11-09T05:08:10-05:00

Due to the increase in pay, this is perhaps advantageous to certain workers who are now making the minimum wage.

What does the minimum wage actually mean?

The federal law says that a minimum wage is the lowest salary an employee is to be paid per hour. Nonexempt workers may not be offered a job or agree to work for less than the legally required minimum wage level for hourly compensation.

What did the minimum wage serve to accomplish?

The minimum wage was established with two goals in mind: to safeguard workers in the labor force and to sustain the post-depression economy. The purpose of the minimum wage is to provide workers with a basic level of living in order to safeguard their health and wellbeing.

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