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The labor code allows the government to set a minimum hourly wage; however, the government has not exercised this provision except for setting the minimum wage for domestic workers at FG 440,000 (US$62) per month. [10] 48 2017 Guinea-Bissau: CFA 19,030 (US$30) per month plus a bag of rice [97] 412: 935. 45 0.18: 0.4. 58.1 % 2017 Guyana
The Fair Minimum Wage Act of 2007 is the current federal minimum wage law of the United States. It was signed into law on May 25, 2007 [134] as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. The act implemented three increases to the federal minimum wage—from $5.15 an ...
In the current wave of minimum wage legislative action, Seattle, Washington, was the first city to enact on June 2, 2014, a local ordinance to increase the minimum wage for all workers to $15.00 per hour, [51] which phases in over seven years. [52]
Unions were asking for the current minimum wage of 30,000 naira to be increased to nearly 500,000, which the government rejected, resulting in a fresh strike that grounded Africa’s most populous ...
Poland's minimum wage will rise by almost 18% in January, the prime minister said on Thursday, ahead of Oct. 15 elections in which the cost of living ranks high among voters' concerns.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [21] good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called ...
In the United States workers generally must be paid no less than the statutory minimum wage.As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.47 per hour in Washington as of January 1, 2015. [5]