A Company Can Deem an Employee as Salaried

question 104

Multiple Choice

A company can deem an employee as salaried:

• A) if they do not want to pay overtime wages.
• B) if the employee meets the salaried laws under the Fair Labor Standards Act.
• C) if the employee works at least 40 hours a week for a month.
• D) if they have been employed at the company for 1 year or longer.

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Definitions:

Labor Homogenization

Labor homogenization refers to the process by which the workforce becomes more uniform in skill set, wages, and working conditions, often due to globalization or technological advancements.

United States Labor Force

The total pool of individuals in the United States who are available to work, including both employed and unemployed people.

Downward Slide

A situation of continuous decline or deterioration over a period of time.

Labor Market Segmentation Theory

A theory suggesting that the labor market is divided into separate segments, based on demographic, industry, or job characteristics, leading to disparities in work conditions and pay.