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Wage insurance is a form of proposed insurance that would provide workers with compensation if they are forced to move to a job with a lower salary. The idea is usually proposed as a response to outsourcing and the effects of globalization, although it could equally be proposed as a response to job displacement due to increasingly productive technology (e.g. factories, or computers). Economic consensus generally holds that in both cases—the integration of the global economy through free trade, on one hand, and greater technological efficiencies, on the other—the changes will have a net benefit across the world. However, economic theory also indicates that, while people over the aggregate will be better off, many individuals will not be able to keep their current job at their current wages. Those individuals may be able to retrain and move to more highly paid wages, and the reduced cost of goods (which is likely to result from either case under consideration) may offset at least some of the wage loss. These compensating effects are likely to take several years to come about, however, and some people might never be fully compensated by normal market mechanisms. Wage insurance would offer compensation in these situations.[citation needed]
Wageinsurance is a form of proposed insurance that would provide workers with compensation if they are forced to move to a job with a lower salary. The...
participants received wageinsurance. The program is ineffective closing the earning gap because in order to be eligible for wageinsurance workers must find...
health insurance. Employees who are not offered health insurance must receive the higher minimum wage. - New Jersey. The higher minimum wage applies...
unemployment insurance contributions is also deducted as the employee's share. For each employed worker, in addition to the gross wage, the employer...
working classes a contributory system of insurance against illness and unemployment. It only applied to wage earners, however, and their families and...
United States, the minimum wage is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was instituted in the National...
Conference Uruguay Round (Of General Agreement on Tariffs and Trade) Wageinsurance World Intellectual Property Organization (WIPO) World Intellectual Property...
A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers...
control. An independent contractor is not entitled to minimum wage, overtime, insurance, protection, or other employee rights. Attempts are sometimes...
The National Minimum Wage Act 1998 creates a minimum wage across the United Kingdom. From 1 April 2024, the minimum wage is £11.44 for people aged 21...
have had their employer National Insurance discounts increased to mitigate the higher costs of the National Living Wage. In September 2015 the proposed...
social insurance. Minimum wage Minimum wage law List of countries by minimum wage Mia Yiqiao Jing (26 May 2016). "A Complete Guide to 2016 Minimum Wage Levels...
constant. The earnings above the wage base limit amount are not, however, taken into account in the Primary Insurance Amount (PIA) to determine benefits...
holidays, sick pay, annual leave and social insurance contributions paid by the employer. For comparison, an annual wage column is provided in international dollars...
considers the appropriateness of traditional social insurance models that are based on steady wage employment in light of persistently large informal sectors...
agency without the need to first obtain a judgment or other court order. Wage garnishment, the most common type of garnishment, is the process of deducting...
The tipped wage is base wage paid to an employee in the United States who receives a substantial portion of their compensation from tips. According to...
health insurance for primary care (not specialist or hospital care), initially for about one-third of the population—employed working class wage earners...
Industrial employers were mandated to provide injury and illness insurance for their low-wage workers, and the system was funded and administered by employees...
The Oriental Insurance Company Ltd. (OICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry...
minimum wage has not changed and remains the same at 42,500 [...] and due to the increase in insurance contributions, the "clean" [i.e. net] wage has decreased...
the United States, health insurance helps pay for medical expenses through privately purchased insurance, social insurance, or a social welfare program...
Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of...
some countries where minimum wage is fixed at an hourly rate or a weekly rate. European countries on the gross minimum wage before tax & social charges:...
in the United States' Social Security system to calculate the Primary Insurance Amount which decides the value of benefits paid under Title II of the...
Statutory Accident Insurance or workers' compensation is among the oldest branches of German social insurance. Occupational accident insurance was established...
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