🏢
🌐 Entity
Minimum wage
Lowest remuneration which can be paid legally in a state for working
📊 Rating
1 news mentions · 👍 0 likes · 👎 0 dislikes
📌 Topics
- Tax Reform (1)
- Worker Benefits (1)
- Legislative Process (1)
🏷️ Keywords
GOP tax bill (1) · Tipped workers (1) · Tax deduction (1) · Service industry (1) · Minimum wage (1) · Tax relief (1) · Congressional legislation (1)
📖 Key Information
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions.
📰 Related News (1)
-
🇺🇸 Tipped workers could soon get a new tax break. Here's what to know.
The GOP tax and spending bill creates a tax deduction for workers in tipped occupations. Here's what to know....
🔗 Entity Intersection Graph
People and organizations frequently mentioned alongside Minimum wage:
-
🌐
Tax deduction · 1 shared articles
-
Tertiary sector · 1 shared articles -
🌐
Tipped wage · 1 shared articles