Wage Floor


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Wage Floor

The lowest possible wage within a wage bracket, which is the range of potential wages offered to a person with a given job description. For example, if a wage bracket is $12 to $15 per hour, the wage floor is $12.
References in periodicals archive ?
The wage floor was set at $400,000 for each of the three seasons.
In section II we discuss wage floors. The purpose of section III is to review the case for concluding that wage floors increase crime rates.
"But implementing the new wage floor will be challenging, particularly in cities like Sheffield where wages tend to be lower.
"But with the economy getting stronger, the vast majority of employers should be able to afford the new higher wage floor, which will allow their lowest-paid staff to share in the recovery."
Though similar to other bills to raise the wage floor, the legislation contained a provision that incorrectly defined independent franchise small businesses as "large employers," thereby qualifying them for an accelerated implementation of the higher wage.
Washington currendy has the nation's highest state wage floor at $9.32 an hour.
The nation's fast-food restaurants, which employ many of the country's low-wage workers, are at the center of the debate over low pay and raising the federal minimum wage -- fueled by protests demanding that fast-food chains establish a $15 wage floor. McDonald's was pilloried last year for a hotline that advised employees how to seek food stamps and public assistance for heating and medical expenses.
Labor market conflicts can determine a wage floor to impact employment positively.
Department of Labor's own assessment of the first 25-cent minimum wage in 1938 found that it resulted in job losses for 30,000 to 50,000 workers, or 10 to 13 percent of the 300,000 covered workers who previously earned below the new wage floor. Particularly hard-hit by the new law were poorer areas, especially Puerto Rico, where, according to Wilson, "an estimated 120,000 workers ...
calculates its credit for the 2014 tax year using the inflation-adjusted wage floor of $25,400 and the maximum credit percentage of 50%.
Mandel insists that women's high rates of participation coincide with a relatively high wage floor and publicly subsidized care services.
As of March, the Garment Manufacturers Association in Cambodia (GMAC) and several workers unions had yet to come to an agreement during wage talks that would bring up the wage floor for workers from $66 per month.