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The tipped wage is base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips.According to a common labor law provision referred to as a "tip credit", the employee must earn at least the state's minimum wage when tips and wages are combined or the employer is required to increase the wage to fulfill that threshold.
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.
The law also created the Minimum Wage Review Commission within the Department of Labor and Human Resources which will be tasked with reviewing and increasing the minimum wage yearly via decrees, and must meet monthly to evaluate the labor conditions in each economic sector. If by July 1, 2024, the Minimum Wage Review Commission decides the wage ...
[citation needed] Indiana's constitution, adopted in 1816, specified that all laws in effect for the Territory would be considered laws of the state, until they expired or were repealed. [citation needed] Indiana laws were revised many times over the years, but the current approach to updating the code in a regular manner began in 1971. A ...
The report used data from 600,000 full-time American staffers, and analyzed it using MIT’s living wage calculator. The average livable wage in the U.S. is around $23 per hour, according to the ...
Since the government does not hire surplus labor, the labor surplus takes the form of unemployment, which tends to be higher with minimum wage laws than without them. [34] The supply and demand model implies that by mandating a price floor above the equilibrium wage, minimum wage laws will cause unemployment.
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