Why do we need a law on minimum wages who sets the minimum wages do you think the minimum wage for a construction worker is adequate low high Why?

(i)They can get cheap labour in India. (ii)They can spend the least on housing facilities for workers. (iii)They can cut cost by providing lower working conditions including lower safety measures. The government enforces this law so that employers may not exploit their workers by paying them low wages.

Why should we increase the minimum wage in the Philippines?

Raising the federal minimum wage will also stimulate consumer spending, help businesses’ bottom lines, and grow the economy. A modest increase would improve worker productivity, and reduce employee turnover and absenteeism. It would also boost the overall economy by generating increased consumer demand.

What does minimum in minimum wage mean?

A minimum wage is the lowest wage per hour that a worker may be paid, as mandated by federal law. It is a legally mandated price floor on hourly wages, below which non-exempt workers may not be offered or accept a job.

Why do we need a minimum wage?

The purpose of the minimum wage was to stabilize the post-depression economy and protect the workers in the labor force. The minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees.

Why do we need a law on minimum wages Short answer?

Ans. We need a law on minimum wages so that workers may get fair wages by their employers. The employers usually take advantage of their poverty and pay them low wages.

What is the minimum wage mandate and what purpose does it serve?

The purpose of minimum wages is to protect workers against unduly low pay. They help ensure a just and equitable share of the fruits of progress to all, and a minimum living wage to all who are employed and in need of such protection.

Is minimum wage supposed to be a living wage?

The minimum wage in the United States is no longer a living wage. Even though many states are paying more than this amount, minimum-wage earners continue to struggle to make ends meet. At $7.25, the federal minimum wage hasn’t kept up with the cost of living in more than half a century.

What is the aim of a minimum wage?

The long-term aim of a minimum wage is to remove the problem of poverty pay, which exists when the earnings from paid work do not result in a living wage and fail to push people out of poverty.

Why we should have a minimum wage?

Purpose of the Minimum Wage The purpose of minimum wage laws is to prevent employers from exploiting workers. The minimum wage should provide enough income to afford a living wage, the amount needed to provide enough food, clothing, and shelter.