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According to purchasing-power parity,if prices in the United States increase by a smaller percentage than prices in the United Kingdom,then the
Retirement Age
The age at which a person is eligible to retire from their occupation and begin receiving pension or retirement benefits.
Subminimum Wages
Wages paid to certain workers that are below the federal or state minimum wage level, often justified by specific conditions such as training periods or disabilities.
Fair Labor Standards Act
United States legislation that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week, among other protections for workers.
Social Security
A government program that provides financial assistance to people who are retired, disabled, or survivors of deceased workers, mainly funded through payroll taxes.
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