This website has been prepared by Mark, who does academic research. It collects minimum wage amounts in the world and especially in the United States. This site, which will become an internet archive, will examine what can be done with purchasing power after comparing the minimum minimum wages around the world in the future.
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For those who don’t know;
What is the minimum wage?
What is the minimum wage? Minimum wage is a floor below which an employer cannot sell labor to an employee for less than a certain price. By the twentieth century, most countries had minimum wage legislation. However, it is still unclear exactly how much this floor is. It is currently around $7.25 per hour, but this can increase and decrease over time. The federal government is working to increase the minimum wage in the US. Here’s what it means for you, and how you can get more!
The minimum wage has long been more than a labor law. While minimum wage laws can sometimes be highly polarizing, businesses are generally required to pay their employees at least the minimum wage. To find out more about the minimum wage in your state, read this guide! You’ll find out what it is for each state and federally. This information can help you decide whether it’s worth it to get a better job or not.
In addition to minimum wage laws, the federal government’s minimum wage is also set by the states. For example, the minimum wage in New York is going to increase to $15 per hour by 2021, and it depends on whether the employer is a big or small employer. Big employers generally employ 11 or more employees, while small employers are usually those with ten or fewer employees. However, there are annual increases for the rest of the state, and this will continue until the rate reaches $15 minimum wage and $10 tipped wage. In the meantime, the New York State Commissioner of Labor will provide you with information on how the minimum wage will rise, starting in 2021.