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Minimum Wages
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. Minimum wage policies can vary significantly between countries or even within a country, with different regions, sectors, or age groups having their own minimum wage rates. These variations are often influenced by factors such as the cost of living, regional economic conditions, and industry-specific factors. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Over time, minimum wages came to b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Minimum Wage
This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc.) and other independent countries. Some countries may have a very complicated minimum wage system; for example, India has more than 1202 minimum wage rates for different types of industries and skill levels. Meanwhile, other countries may have a national rate which often is superseded by state, provincial, cantonal, county and city minimum wage rates. For example, 33 states in the United States have higher minimum wages than the federal rate (plus military rates on federal bases) – on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 countries. In effect, the United States has over 100 different minimum wages across the nation. This is common in federalist nations such as Canada, and minimum wage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD
The Organisation for Economic Co-operation and Development (OECD; , OCDE) is an international organization, intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and international trade, world trade. It is a forum (legal), forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed country, developed countries, with High-income economy, high-income economies, and a very high Human Development Index. their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. , OECD Member countries collectively comprised 62.2% of list of countries by GDP (nominal), global nom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Boards Bill
The Trade Boards Act 1909 ( 9 Edw. 7. c. 22) was a piece of social legislation passed in the United Kingdom in 1909. It provided for the creation of boards which could set minimum wage criteria that were legally enforceable. It was expanded and updated in the Trade Boards Act 1918. The main provision was to set minimum wages in certain trades with historically low wages, often due to a surplus of available workers due to the widespread employment of workers or lack of skills needed for employment. At first it applied to four industries: chain-making, ready-made tailoring, paper-box making, machine-made lace making, and finishing trades. It was later expanded in 1912: mining and then to other industries with a preponderance of unskilled manual labour. Debates Winston Churchill, MP then President of the Board of Trade, put the argument for the legislation as follows: See also *UK labour law * Trade Boards Act 1918 * Wages Councils Act 1945 *National Minimum Wage Act 1998 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James VI And I
James VI and I (James Charles Stuart; 19 June 1566 – 27 March 1625) was King of Scotland as James VI from 24 July 1567 and King of England and King of Ireland, Ireland as James I from the union of the Scottish and English crowns on 24 March 1603 until Death and funeral of James VI and I, his death in 1625. Although he long tried to get both countries to adopt a closer political union, the kingdoms of Kingdom of Scotland, Scotland and Kingdom of England, England remained sovereign states, with their own parliaments, judiciaries, and laws, ruled by James in personal union. James was the son of Mary, Queen of Scots, and a great-great-grandson of Henry VII of England, Henry VII, King of England and Lord of Ireland, and thus a potential successor to all three thrones. He acceded to the Scottish throne at the age of thirteen months, after his mother was forced to abdicate in his favour. Although his mother was a Catholic, James was brought up as a Protestant. Four regents gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statute Of Labourers 1351
The Statute of Labourers ( 25 Edw. 3. Stat. 2) was an act of the Parliament of England under King Edward III in 1351 in response to a labour shortage, which aimed at regulating the labour force by prohibiting requesting or offering a wage higher than pre-Plague standards and limiting movement in search of better conditions. The popular narrative about its success and enforcement holds that it was poorly enforced and did not stop the rise in real wages. However, immediately after the Black Death, real wages did not rise, despite the labour shortage. Background The Black Death, a pandemic of bubonic plague, killed more than one-third of the population of Europe and 30–40% of the population in Britain and caused a dramatic decrease in the supply of labour. Landowners suddenly faced a sharp increase in competition for workers to work for them. Labourers had increased bargaining power and commanded higher wages. The increase in labour cost also led to inflation throughout the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Plague
The Black Death was a bubonic plague pandemic that occurred in Europe from 1346 to 1353. It was one of the list of epidemics, most fatal pandemics in human history; as many as people perished, perhaps 50% of Europe's 14th century population. The disease is caused by the Bacteria, bacterium ''Yersinia pestis'' and spread by Flea, fleas and through the air. One of the most significant events in European history, the Black Death had far-reaching population, economic, and cultural impacts. It was the beginning of the second plague pandemic. The plague created religious, social and economic upheavals, with profound effects on the course of European history. The origin of the Black Death is disputed. Genetic analysis suggests ''Yersinia pestis'' bacteria evolved approximately 7,000 years ago, at the beginning of the Neolithic, with flea-mediated strains emerging around 3,800 years ago during the late Bronze Age. The immediate territorial origins of the Black Death and its outbreak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Serfs
Serfdom was the status of many peasants under feudalism, specifically relating to manorialism and similar systems. It was a condition of debt bondage and indentured servitude with similarities to and differences from slavery. It developed during late antiquity and the Early Middle Ages in Europe and lasted in some countries until the mid-19th century. Unlike slaves, serfs could not be bought, sold, or traded individually, though they could, depending on the area, be sold together with land. Actual slaves, such as the kholops in Russia, could, by contrast, be traded like regular slaves, abused with no rights over their own bodies, could not leave the land they were bound to, and marry only with their lord's permission. Serfs who occupied a plot of land were required to work for the lord of the manor who owned that land. In return, they were entitled to protection, justice, and the right to cultivate certain fields within the manor to maintain their own subsistence. Serfs were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medieval England
England in the Middle Ages concerns the history of England during the Middle Ages, medieval period, from the end of the 5th century through to the start of the Early modern Britain, early modern period in 1485. When England emerged from the collapse of the Roman Empire, the Economy of England in the Middle Ages, economy was in tatters and many of the towns abandoned. After several centuries of Germanic immigration, new identities and cultures began to emerge, developing into kingdoms that competed for power. A rich Anglo-Saxon art, artistic culture flourished under the Anglo-Saxons, producing Epic poetry, epic poems such as ''Beowulf'' and sophisticated metalwork. The Anglo-Saxons converted to Christianity in the 7th century, and a network of monastery, monasteries and convents were built across England. In the 8th and 9th centuries, England faced fierce Viking attacks, and the fighting lasted for many decades. Eventually, Wessex was established as the most powerful kingdom and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maximum Wage
A maximum wage, also often called a wage ceiling, is a legal limit on how much income an individual can earn. It is a prescribed limitation which can be used to effect change in an economic structure. Implementation No major economy has a direct earnings limit, though some economies do incorporate the policy of highly progressive tax structures in the form of scaled taxation. A vote to implement a maximum wage law in Switzerland failed with only a 34.7% vote for approval. Maximum liquid wealth A ''maximum liquid wealth'' policy restricts the amount of liquid wealth an individual is permitted to maintain, while giving them unrestricted access to non-liquid assets. That is to say, an individual may earn as much as they like during a given time period, but all earnings must be re-invested (spent) within an equivalent time period; all earnings not re-invested within this time period would be seized. This policy is only arguably a valid maximum wage implementation, as it does not act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward III Of England
Edward III (13 November 1312 – 21 June 1377), also known as Edward of Windsor before his accession, was King of England from January 1327 until his death in 1377. He is noted for his military success and for restoring royal authority after the disastrous and unorthodox reign of his father, Edward II. Edward III transformed the Kingdom of England into one of the most formidable military powers in Europe. His fifty-year reign is List of monarchs in Britain by length of reign#Ten longest-reigning British monarchs, one of the longest in English history, and saw vital developments in legislation and government, in particular the evolution of the English Parliament, as well as the ravages of the Black Death. He outlived his eldest son, Edward the Black Prince, and was succeeded by his grandson, Richard II. Edward was crowned at age fourteen after his father was deposed by his mother, Isabella of France, and her lover, Roger Mortimer, 1st Earl of March, Roger Mortimer. At the age of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
