What are some exceptions to the federal minimum wage?

Federal law provides minimum wage exceptions under specific circumstances for (1) workers with disabilities, (2) full-time students, (3) employees under 20 years old in their first 90 consecutive days of employment, (4) tipped employees, (5) student learners, (6) apprentices, and (7) messengers.

Who is covered by federal minimum wage?

To whom does the minimum wage apply? The minimum wage law (the FLSA) applies to employees of enterprises that have annual gross volume of sales or business done of at least $500,000.

How is hazard pay calculated?

An employee may receive hazardous duty pay for work during overtime hours, but hazard pay is calculated based on the employee’s normal hourly pay rate, not their overtime rate.

Does the federal minimum wage apply to all states?

Federal law requires employers to pay all employees a minimum hourly wage, currently $7.25 a year later. Each state is also free to impose its own minimum wage (and most do). As an employer, you must pay whichever amount is highest—federal, state, or local.

What happens to the quantity demand of labor when governments establish a minimum wage?

Two things happen when the government imposes a minimum wage: The amount of labor hired in the market decreases. In our example, the number of unskilled workers employed decreases from 1,000 to 800. Thus while those who have jobs earn a higher wage, there are now some individuals who no longer have jobs.

What are 3 exceptions to the minimum wage?

Eligible employees

• the minimum wage.
• general (statutory) holidays with pay.
• a copy of their statement of earnings and deductions for each pay period.
• a rest period of at least 30 minutes, paid or unpaid, for each consecutive 5 hours of work.
• at least 1 day of rest in each work week.
• vacations and vacation pay.

How much is hazardous pay in the army?

To compensate U.S. service members who are assigned these high-risk duties, the armed forces usually issues a special payment of $150 per month, known as hazardous duty incentive pay. There are other pays that are more than the $150 rate, depending on the job.

What are the 6 types of hazards in the workplace?

See our info-graphic on the 6 types of hazards in the work place.

• 1) Safety hazards. Safety hazards can affect any employee but these are more likely to affect those who work with machinery or on a construction site.
• 2) Biological hazards.
• 3) Physical hazards.
• 4) Ergonomic hazards.
• 5) Chemical hazards.
• 6) Workload hazards.

Can each state set its own minimum wage?

Each state can set its own minimum wage. If a state’s minimum wage is greater than the federal minimum, pay employees at least the state’s minimum wage.

What happens in the labor market?

In the labor market, firms demand labor and individuals such as you and I supply that labor. Employers demand labor because workers are an important part of the production process. That is, in the labor market, employers are willing to buy more hours of labor at lower wages than at a higher wages.

What is the minimum wage in Washington DC in 2021?

Living Wage Effective January 1, 2021 until June 30, 2021, the living wage rate is $15.00. Effective July 1, 2021, the District’s minimum wage will increase to $15.20 per hour; therefore, the living wage will also increase to $15.20 per hour on that date.

What is the minimum wage in the District of Columbia?

Beginning July 1, 2021, the minimum wage in the District of Columbia will increase from $15.00 per hour to $15.20 per hour for all workers, regardless of the size of the employer. The base minimum wage for tipped employees will increase from $5.00 per hour to $5.05.

Does raising the minimum wage increase or decrease employment?

Raising the minimum wage would increase the cost of employing low-wage workers. As a result, some employers would employ fewer workers than they would have under a lower minimum wage. However, for certain workers or in certain circumstances, employment could increase.