Discuss the main differences between the minimum pay regulations in the United States (refer to Chapter 2) and one other country’s practices discussed in Chapter 15. How do these differences affect companies’ ability to compete with other companies worldwide?
Discuss the main differences between leave of absence regulations in the United States and one other country’s practices discussed in Chapter 15. Do these differences impact companies’ ability to retain talent? Explain.
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Differences in minimum wage policy
- The Fair Labor Standards Act of 1938 established for the first time a federal minimum wage for employees: 25 cents per hour (Martocchio, 2015, p. 34)
- The minimum wage has been increased many times since then, with the latest increase finalized at $7.25 in 2009 (p. 34)
- But, US minimum wage law is in effect actually a patchwork of state laws; most states have minimum wage laws, many set their minimum wage above the federal level; two states have minimum wage levels lower than the federal level and five states have no set minimum wage, even though the federal level applies in these states except for allowed exemptions, such as for student employees (p. 35)...
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