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wages
minimum wage
A Dictionary of Business and Management
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2006
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© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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minimum wage The minimum wage that an employer may pay an employee. In some countries there are statutory national minimum wages and in other countries there may be agreed minimum wages within certain industries. The UK introduced its first statutory minimum wage in 1999; the current (2005) rates are £5.05 per hour for those aged 22 or over and £4.25 for those aged 18–21, increasing to £5.35 and £4.45 respectively from October 2006.
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Wage boards nationwide meet.(Main News)
Newspaper article from: Manila Bulletin; 5/2/2008; 700+ words
; ...director of the National Wages and Productivity Commission...the salary of minimum wage earners in 12 regions...sufficient for a daily wage earner to cope with the...for an increase in the wages of workers to mitigate...Workers receive a minimum wage of P245 daily in urban...
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The wage curve: Evidence from the Finnish metal industry panel data
Magazine article from: Finnish Economic Papers; 4/1/2001; ; 700+ words
; ...general guidelines of the wage determination in a national...agreement and the actual wages are set at the firm...is expected to affect wages. The individual firm...considerable scope to choose its wage levels as long as it stays above the minimum wages set by the collective...
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 "The Register-Guard (Eugene, OR)")
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Wage bill serves up outrage.(Working)(Legislation that would increase the federal minimum could possibly cut the pay of some Oregon workers)
Newspaper article from: The Register-Guard (Eugene, OR); 8/3/2006; 700+ words
; ...states have a minimum wage that applies to all workers...receive tips on top of wages. Alaska California Minnesota...increase the federal minimum wage from $5.15 to $7...their base (minimum) wage keep up with the cost...set their own minimum wages without federal interference...
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 "Florida Times-Union (Jacksonville, FL)")
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Wage hike welcome for some, not all.
Newspaper article from: Florida Times-Union (Jacksonville, FL); 1/20/2007; 700+ words
; ...ought to raise my wage too, so I don't feel like my wages are even more worthless...the state alone keep wages above those levels, he said. The higher wage is a cost, and we...higher than minimum wage, [so] the immediate...small. But the higher wages may still bruise companies...
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The wage mobility of minimum wage workers. (New Minimum Wage Research: A Symposium)
Magazine article from: Industrial and Labor Relations Review; 10/1/1992; ; 700+ words
; ...80 in April 1990, the wages of about one million low-wage workers went up, and...workers received higher wages. Although the statutory...accompanied by immediate wage gains for significant...to what extent their wages would have increased...
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 "Economic Commentary (Cleveland)")
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Wage and employer changes over the life cycle.
Magazine article from: Economic Commentary (Cleveland); 4/15/2004; ; 700+ words
; ...to the old job. Wages at the old firm may...close to the highest wage payable there, and...based not just on wages, but also on the non-wage characteristics...idea that if lower wages are observed for...will be some non-wage characteristic...
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Wage Formation and Macroeconomic Policy in the Nordic Countries.
Magazine article from: Industrial and Labor Relations Review; 7/1/1993; ; 700+ words
; ...process is the institution of wage drift--increases in wages in excess of the centrally negotiated wage increase. Steiner Holden in Chapter...explicitly followed a "solidaristic" wage policy designed to equalize wages across industrial groups. Christopher...
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Wage change and the quit behavior of workers: implications for efficiency wage theory.
Magazine article from: Southern Economic Journal; 7/1/1994; ; 700+ words
; ...negatively on the wage, giving firms an incentive to pay wages above the market...current and starting wages. This means that the change in the wage has a negative effect...in the 1980s, why wages are rigid upward as well as downward, why wage rigidity varies across...
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The wage and employment dynamics of minimum wage workers.
Magazine article from: Southern Economic Journal; 1/1/2003; ; 700+ words
; ...minimum wage is the duration of minimum wage employment. At one extreme, if minimum wage workers were entry-level workers who quickly accumulate skills that push their wages above the minimum, a minimum wage hike would have a relatively short term...
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Living wage ordinances in the public sector.(ordinances regulating living wage of private sector employees)(Author abstract)
Magazine article from: Public Personnel Management; 9/22/2007; ; 700+ words
; ...involved the enactment of a minimum wage. That the goal of minimum wages is to raise incomes of low-wage workers so as to reduce poverty...living wages, like that of minimum wages, is to raise incomes of low-wage workers in order to reduce poverty...
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Discrimination, Wage
Encyclopedia entry from: International Encyclopedia of the Social Sciences
...productivity. Workers subject to wage discrimination may earn lower wages in a given job, be assigned to low-wage jobs within firms, or employed...these preferences accept lower wages, so there is no wage discrimination. However, perhaps...
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Wages
Encyclopedia entry from: International Encyclopedia of the Social Sciences
...mechanism of compensation. Wages have been the subject...causes and consequences of wage variation, implications...examine longitudinal wage data in the United States...patterns. The ratio of wages of those in the ninetieth...recent decades. Large wage disparities have also...
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Wages, Compensating
Encyclopedia entry from: International Encyclopedia of the Social Sciences
...compensation above the average wage for the community. Economists...since used the term compensating wages to refer to this additional compensation. The compensating wage hypothesis holds that compensating wages are generated in competitive...
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Minimum Wage
Encyclopedia entry from: International Encyclopedia of the Social Sciences
...labor, N s , then wages change. At equilibrium, the change in the wage rates, w , over time...as well, by higher wages, their physical efficiency...proportion as the wage rate ”...increase in minimum wages in New Jersey, the highest minimum wage in the nation as of...
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wages
Book article from: The Columbia Encyclopedia, Sixth Edition
...See also minimum wage . Economic Theories about Wages Many theories have...theory maintains that wages cluster around the...level of workers. A wage rate much above the...capitalist's profit. The wage-fund theory is that wages are advanced out of...
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