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Refer to the graph shown.If government establishes a price floor of $7.25 per hour, there will be a:
Takings Clause
A provision in the Fifth Amendment of the U.S. Constitution that prohibits the government from taking private property for public use without fair compensation.
Private Property
Ownership of land, resources, or objects by individuals or corporations, protected by law.
Just Compensation
The concept that property owners must be fairly compensated when their property is taken for public use under eminent domain.
Public Areas
Spaces that are open and accessible to people, usually owned and maintained by the government, such as parks, streets, and public squares.
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