Minimum Wage

In which year was the federal minimum wage set at $7.25?

• 2009

• 2015

• 2010

• 2012

What is the current minimum wage in Pennsylvania?

• $10.33

• $7.25

• $14.15

• $13.25

Which state has the highest minimum wage of $16.28 per hour?

• California

• New York

• Washington

• Hawaii

In which city did Mayor Jim Kenney sign a law requiring a gradual increase in the minimum wage for city workers, contractors, and subcontractors?

• Harrisburg

• Philadelphia

• Allentown

• Pittsburgh

In which year did the legislation to raise Pennsylvania's minimum wage from $7.25 to $11 at the start of 2024 pass the House?

• 2020

• 2021

• 2022

• 2023

Which state is among the 22 states where minimum wage increased effective Jan. 1?

• Texas

• Florida

• Delaware

• Georgia

Which state Senate leader is hopeful for an increase in Pennsylvania's minimum wage in 2024?

• Kim Ward

• Kendra Brooks

• Josh Shapiro

• Jim Kenney

Supply and demand determine the equilibrium ‘price’ of labour, which is the wage, We, where the quantity of labour demanded is equal to the quantity of labour supplied, Qe. The minimum wage, Wm, lies ________ the equilibrium wage, We. Therefore, at Wm, the quantity of labour _________ is larger than the quantity of labour ________ when the labour market is in equilibrium (Qe). The quantity of labour ___________ is less than the quantity ___________at equilibrium, Qe. So a surplus of labour in the market occurs.

• above; supplied; demanded; demanded; supplied

• above; supplied; demanded; supplied; demanded

• above; supplied; supplied; demanded; demanded

• None of the above as it leads to unemployment

Consequences of minimum wages for the various stakeholders are:

• firms are better off since they get cheap labour

• some workers win, some workers lose

• society is worse off due to an underallocation of labour supply

• consumers are negatively affected due to a decrease in supply of products

• firms are worse off since they face increased cost of production

Which occupation makes up the majority of low-wage workers in California, according to the report?

• Retail salespeople

• Home health and personal care aides

• Fast food workers

• Cashiers