What determines why some jobs pay high wages while other jobs pay low wages?

Large differences in wages may be the result of a combination of factors, such as industry of employment, geographic location, and worker skill.

How do companies decide what to pay employees?

Employers decide how much they pay their employees by establishing a salary range. A salary range consists of a minimum pay rate, middle-range possibilities for pay increases and a maximum pay rate. They consider the potential salary increase they will offer for a promotion to set the salary range minimum and maximum.

What are the 3 highest paying jobs in the United States that a person could do without any type of college degree?

The 10 highest-paying jobs you can get without a college degree all pay more than $79,000

1. Transportation, storage, and distribution managers.
2. Nuclear power reactor operators.
3. First-line supervisors of police and detectives.
4. Power distributors and dispatchers.
5. Commercial pilots.
6. Detectives and criminal investigators.

Should workers in fast food restaurants make more money?

Rais- ing wages in the fast food industry could improve living standards for millions of hard working people. companies can aFFoRd iT. In fact, many of these employers already do pay higher wages to workers in other countries without wrecking their bottom lines. iT Would Reduce inequaliTy.

How much do you get paid for working in a restaurant?

As of 2019, everyone who works in a restaurant, no matter the state, must be paid a minimum of $7.25 an hour when tips are included. Depending on the local state minimum wage laws, restaurant servers can be paid what is known as a “minimum cash wage.”. While the federal minimum cash wage is $2.13 per hour (and higher in some states),

What is the minimum wage for a restaurant server?

Depending on the local state minimum wage laws, restaurant servers can be paid what is known as a “minimum cash wage.” While the federal minimum cash wage is $2.13 per hour (and higher in some states), there is a provision that, if a tipped employee does not make the federal minimum wage of $7.25 an hour, the employer must make up the difference.

Do restaurants have to pay minimum wage to tipped workers?

Whenever states raise the minimum wage, as several have in 2019, there is some confusion about what applies to restaurant workers. Many servers receive $2.13 an hour, the federal minimum wage for tipped workers, but some states now require that restaurants pay them the flat minimum wage.

Why are wages so low in the restaurant industry?

For the restaurant industry, in particular, low wages are often coupled with a lack of affordable health insurance or other benefits such as retirement matches or health savings accounts. The low wages also disproportionally affect women and minorities, the restaurant industry’s largest employee demographics.