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Compensating Differentials
Wage differentials that arise to compensate workers for the desirability or undesirable aspects of their jobs, such as risk or location.
Property Income
Income received by individuals or entities through ownership of property. This could include rental income, dividends from investments, or interest on savings.
Smooth Functioning
Describes a situation where processes operate without interruption, often related to the seamless operation of systems or organizations.
Federal Minimum Wage
The lowest legal hourly pay for many workers in the United States, set by federal law.
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