The idea is that a worker is worth a certain amount regardless of the work they are able to do. Relative control groups and other market activities play a part in the outcome of the minimum wage.
In other words, if someone were trying to support a family by making minimum wage, they would qualify for federal poverty assistance. It has been found that the vast majority of people in this country would prefer to work for a decent wage than to receive government or welfare benefits.
Oddly enough, minimum wage increases adjusted for the inflation they cause raise the real income of most families as compared to the poverty level. The minimum wage was increased twenty-two times from to Second, minimum wage laws raise business labor costs. One of the things that is likely to attract highly competent and skilled individuals to an organization is a solid remuneration package.
In the United States there are over 1.
Brown signed this bill because employees cannot live above the poverty line if their minimum wage is not proportional to the cost of living Scheiber, Noam, and Ian Lovett. A study from the Federal Reserve Bank of Cleveland found that although low-income workers see wage increases when the minimum wage is raised, "their hours and employment decline, and the combined effect of these changes is a decline in earned income The remaining 29 states and the District of Columbia set rates above the federal level.