ECONOMICS
PRICE CEILINGS AND FLOORS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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wages
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salaries
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Either A or B
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None of the above
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Detailed explanation-1: -As of January 1, 2023, the District of Columbia had the highest minimum wage in the U.S., at 16.50 U.S. dollars per hour. This was followed by Washington, which had 15.74 U.S. dollars per hour as the state minimum wage.
Detailed explanation-2: -35-3023 Fast Food and Counter Workers Perform duties such as taking orders and serving food and beverages. Serve customers at counter or from a steam table. May take payment. May prepare food and beverages.
Detailed explanation-3: -If the signature drive doesn’t qualify for a referendum and the law moves forward, fast food wages could be raised as high as $22 an hour by the end of 2023. California’s minimum wage for all workers is set to rise to $15.50 an hour starting Sunday. Chang, the judge, scheduled a hearing on the matter for Jan.