Question

Identify the original intent of the minimum wage.

Solution

Verified

Minimum wage is the lowest legal amount of remuneration that an employer can give to employees. The original intent of minimum wage is to provide a fair income to employees to afford their needs. It also protects employees against fluctuations in economy.

Create an account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy
Continue with GoogleContinue with Facebook

Create an account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy
Continue with GoogleContinue with Facebook

Recommended textbook solutions

Glencoe Economics: Principles and Practices 1st Edition by Gary E. Clayton

Glencoe Economics: Principles and Practices

1st EditionGary E. Clayton
1,102 solutions
Principles of Macroeconomics 6th Edition by N. Gregory Mankiw

Principles of Macroeconomics

6th EditionN. Gregory Mankiw
436 solutions
Principles of Economics 8th Edition by N. Gregory Mankiw

Principles of Economics

8th EditionN. Gregory Mankiw
1,335 solutions
Cambridge IGCSE Business Studies 4th Edition by Karen Borrington, Peter Stimpson

Cambridge IGCSE Business Studies

4th EditionKaren Borrington, Peter Stimpson
467 solutions

Related questions