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Questions in detail based on the state new york

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Reference no: EM133178879

Please answer these questions in detail based on the state New York, i regards to their minimum wage standards. Please include references. 

  1. What these standards stipulate?
  2. How they are set (e.g., through legislation, collective bargaining, or some other mechanism). Sometimes these standards may be set through multiple mechanisms (e.g. minimum wage + awards system in Australia).
  3. How they are enforced?
  4. What they mean for the quality of working life in the country?
  5. How they impact firm strategy and profitability?
  6. What they mean for the competitiveness of the country's industries (remember that not all industries are equally exposed to the pressures of globalization)?

Reference no: EM133178879

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