Examlex
The federal wage law that is criticized for a rule that allows minimum pay to be based on the prevailing rate,which often includes higher union wages is:
Inclusive Unionism
A form of unionism aimed at representing a broad spectrum of workers, including those of different occupations, industries, and demographic backgrounds.
Minimum Wage
The lowest wage that employers may legally pay for an hour of work.
Labor Shortages
Labor shortages occur when employers have difficulty filling positions due to a lack of available, qualified candidates.
Equilibrium Wage Rates
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers.
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