Among other labor laws that have gone through development in the
previous years, the issue of minimum wages is getting the same. Minimum wages are
basically the minimum amount that a worker can be paid per hour. It is the duty
of an employer, according to the recent labor laws, to refrain from making a
contract with the worker on a pay lower than the minimum wages of a state. This
rate of minimum wage is concluded from the ration of supply and demand that
exists in the free market of a particular state. It is required by the NLRA or
national labor relations act for the companies to propagate the latest of
minimum wages decided by the state for the workers. The companies do so by
hanging up labor law posters in their workplace facilities to be seen by their
workers.
The Florida labor law posters
are getting printed again as they will bear now the good news of increased pay
checks for the people of Florida among 7 other states. Minimum wages will rise
between 28 and 37 cents per hour. This change was made so that the minimum
keeps pace with the market inflation.
The Colorado labor poster
will similarly announce around 7$ per hour minimum wage, increasing from 28 to
37 cents per hour. This increase in the minimum wages shall give a boost the
economy as the spending rates will also increase. Overall, there will be the
creation of more than 1000 full time jobs as the experts predict.
Where minimum wage law support the well being of the lives of
thousands of workers around the world, it also makes the businesses successful.
There is a group of people who believe that if the rate of minimum wages is
high enough, it can become the cause of increasing un- employment among the workers
who have any handicap or are less skilled. Hence it has the power to make or
break the businesses. From the beginning, the minimum wage laws have been a
topic of controversy among the economists and the general public. But despite
the objections and calculation of the pros and cons of the law, labor laws regarding
minimum wages continue to exist.
The United States department of Wages and Hour division states that
all employers who have multiple facilities need to display the labor law
posters in all of them. This is the reason why many workplaces can be seen with
prominent posters pasted or hung along with other labor law notifications like safety
posters. Many employers make it a point to stay in contact with such resources
that could inform them with updates on these notifications, as they feel the
need to secure their workers’ rights.
No comments:
Post a Comment