Minimum wage earners in the US cannot afford the average one-bedroom apartment, with an hourly wage of $17.90 needed to afford a modest home. Only 22 counties in five states pay enough, due to higher state wages. The US minimum wage of $7.25 has lost nearly 10% of its purchasing power since 2009. Anyone looking […]
A wage slave is someone who relies solely on their job for basic needs and lacks financial assets. They may feel trapped in their job and have no other source of income or insurance benefits. Variations include cubicle and factory slaves. Wage slave is a business slang term describing someone who is completely dependent on […]
The UK’s minimum wage varies by age and profession, with apprentices under 18 earning the lowest wage at $4.31 USD per hour in 2013. Australia has the highest minimum wage at $16.88 USD, while Italy and Germany have no minimum wage laws. Sierra Leone and India have the lowest wages at $0.03 and $0.28 USD […]
A living wage is based on the cost of living and allows for basic needs to be met. It is not meant to eliminate class differences but ensure access to basic privileges. Minimum wages often do not keep up with the cost of living, causing economic hardship. Living wages have been set in some areas, […]
Apprenticeships vary in minimum wage depending on factors such as demand, trade, and laws governing payments. Minimum wage laws ensure young workers are not exploited, and some industries have their own guidelines. An apprenticeship is where a young man works in a merchant’s shop, learning a new career path for his life. In some countries, […]
Domestic workers are generally covered by national minimum wage laws, but exceptions exist for nannies, babysitters, housekeepers, and young maids. The minimum wage for domestic workers is affected by the country, state/province/city, nature of work, and age of the worker. There are a few things that can affect the minimum wage for domestic workers. With […]
Waitresses’ minimum wage is influenced by federal and regional labor laws, which can vary greatly. In the US, there are federal laws and state-specific regulations for tipped employees. Other factors include the size of the company and the waitress’s age. There are a number of different factors that can affect a waitress’s minimum wage, although […]
Minimum wage laws vary by jurisdiction. In the US and Canada, federal and state/provincial laws set minimum wages, while in Europe, each country sets its own rates. Laws may also cover tips and overtime. The Fair Labor Standards Act applies in the US, and employers must display posters and keep records. If state rates are […]
Workers’ compensation requires being injured on the job, notifying the employer, filing a complaint, proving the injury is work-related, and visiting approved healthcare providers. The injured employee may choose their initial provider but must follow doctor’s orders and may be limited to a list provided by their employer or agency. Workers’ compensation programs can be […]
The federal minimum wage is a nationally determined hourly wage that has increased over time in response to rising costs of living. States can set higher minimum wages but cannot go below the national minimum. The law was introduced to protect workers, and not all employees are covered. Those who regularly receive tips have a […]
Wage discrimination occurs when a person or business discriminates between employees in pay, including overtime, bonuses, and retirement benefits. Gender is the most common form of wage discrimination, often due to unconscious bias. Legislation such as Title VII of the Civil Rights Act and the Equal Pay Act aim to prevent wage discrimination, but exceptions […]
Minimum wage laws require employers to pay their employees a certain wage, ensuring fair compensation for their time and allowing them to afford necessities. Almost every country has a minimum wage law, with the first being passed in New Zealand in 1896. The United States has both federal and state minimum wage laws, with some […]
The relationship between raising the federal minimum wage and inflation is complex and not necessarily causal. While an increase in the minimum wage can lead to cost inflation, critics argue that companies can adjust their workforce to avoid passing on the expense to consumers. The true impact on the economy is difficult to measure due […]
Minimum wage is a fixed amount per hour that employers must pay employees within certain employment classes, while a living wage is the amount an employee must earn to enjoy an equitable standard of living within a specific area or region. The minimum wage is a matter of public policy, while the living wage is […]
A family wage is the income needed to cover basic costs such as housing, food, utilities, childcare, and transportation. It differs from a living wage, which is the amount needed for an individual to maintain a specific standard of living. Calculating a family wage can be difficult due to subjective views on what constitutes basic […]
The IRS can use wage garnishment to collect tax debts from delinquent taxpayers. Employers are required to deduct a portion of each paycheck and send it to the IRS. The best way to avoid wage garnishment is to pay taxes on time, and the IRS can also seize property to pay debts. US taxpayers who […]
Wage freezes are common cost-cutting measures during financial hardship, with no increases in compensation. It can prevent layoffs and reduce budget spending, but may also have unintended consequences on employee morale and the economy. A wage freeze is a cost-cutting measure typically taken by organizations that are experiencing or anticipating financial hardship. This type of […]
The US federal minimum wage has been a controversial topic since the 1930s, with Democrats proposing adjustments to benefit workers, while Republicans seek to set caps benefiting employers. A formula for determining the wage has never been established, and it is largely determined by the sponsor of the bill. The most recent raise does not […]
Payroll management is the process of compensating employees according to policy and procedures. It includes monitoring and evaluating employee compensation to ensure it is appropriate and competitive. Payroll is critical to an organization’s success, and employers must ensure employees are paid the right amount on time. Employers must also maintain a competitive edge in the […]
The average industrial wage is the average hourly wage earned by workers in a specific area, calculated by surveying all wages and averaging them. It is used as a benchmark for worker earnings and can impact consumption levels. The process is done through a survey and should be studied in context, considering inflation. The average […]
- 1
- 2
