A Summary Of Labor Economic Terms

[Name of Author][Name of Professor][Course Title][Date]A Summary of Labor Economic TermsNo society deal hold up without work activities . People essential work to earn for their life-time . They work to sustain their radical needs , to have solid food shelter and clothing . These actual and potential workers in the existence of the industrial society constitute the labor forceLabor has been commodity in the society as various factories were established . Population of workers is greater than the available jobs This caused injustices and abuse which eventually formed labor unions safekeeping protests for their rightsUnited States , pursuing capitalism with democratic type of government communicate these issues by establishing the Department of Labor . This government agency protects the workers welfargon and helps to improve their running(a) condition and to have conducive working environment . They regularized struggle and imposed supernumerary proper benefits for the hostage of workersMinimum wage is the basic issue forth paid for the service rendered by the employee or worker . It could be rated per hour , per day with cardinal hours period of work , per week or per month . In July 24th , 2007 under Fair Labor Standards spiel (FLSA , the federal official minimum wage is 5 .85 per hour for cover xempt employees . loosely , every state has own minimum wage law of nature . The employees subjected to both state and federal minimum wage laws be entitled to receive amount which is higherFringe benefits come when thither go forth either be managements or promised wages . This is not covered under the FLSASome employer who do not properly behave wages according to the laws have to pay employees with right amount calculate from the difference between what the employee received and what should be he /she must receive . This is called back pay .

If employer resists on paying these amount , they will be subjected to law suit and will be paying higher amount including other damages , attorney s fee and homage costsSome employers motivate their workers by paying additional amount Selling and production workers commonly receive it . It is termed as sales commission . It serves as incentives for increase in sales or production of manufactured goods . Other employers give commission as additional salary or replacement of the salaryEmployers can hold money from employees earning as required by court Wage garnishment is a legal procedure that is done to pay employees debt . Common case of garnishment is the case on child supportWorkers are protected from being dismissed at their current utilization Under Title III of the Consumer Credit Protection Act (CCPA , employee can not be discharge or fire out of work due to garnishment even though there were numbers of levies or proceedings needed to collect debts withal , there will be limits on the amount of employees bread to be garnished . This is to ensure that the employee can still sustain his /her basic needsEarnings subjected to garnishment are wages , salaries , commissions bonuses , and income from a pension or solitude program . Tips are not included for garnishmentThe government...If you want to drum a full essay, order it on our website: Ordercustompaper.com

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