wage floor


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  • noun

Words related to wage floor

floor below which wages are not allowed to fall

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References in periodicals archive ?
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.
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.
Even in Oregon, which has one of the highest wage floors in the nation, the minimum is not enough to keep wage earners from struggling to cover the basics.
When the task force returned with its recommendations in July, not only had the discriminatory franchise provisions of the wage proposal been removed, but the wage floor itself had been lowered.
Economists have evaluated the impact of minimum wage increases practically since the inception of the wage floor in the 1930s.
As in Australia, whilst maintaining a centrally-determined minimum wage floor for unskilled work, the 1992 and 2000 decisions 'deregulated' or decentralised collective bargaining to workplace-level negotiations between employers and employee organisations or individuals.
The wage floor is largely due to the high rate of unionization in the public sector; the "union premium"--the amount by which union wages exceed non-union wages--is also greater in the private sector for less-educated and lower-skilled workers.
However, Mr Miliband insisted his plans would not result in a lower legal wage floor in the North, adding: "It's up to others what they want to campaign for in other parts of the country - I'm not setting rates.
Democratic Congress raises the wage floor nationally, as widely expected.
The study said there had been a disproportionate rise in wages since the wage floor was introduced seven years ago, with 57 per cent of firms saying they had to increase pay across the board - not just to the lowest paid workers.
In this case, only increases in real wages resulting from productivity growth can reduce the misallocation of resources caused by a real wage floor.
Thus his veto of the minimum-wage bill, which would have set the wage floor at $7.
Several factors inform the establishment of the wage floor.
Last year, the Government raised the wage floor from pounds 3.