prevailing wage law!

prevailing wage law

Comprehensive Analysis

1) "Prevailing" -- As to prevailing wage law pre·vail Pronunciation: pri-'vAl Function: intransitive verb Etymology: Middle English, from Latin praevalEre, from prae- pre- + valEre to be strong -- more at WIELD 1 : to gain ascendancy through strength or superiority : TRIUMPH 2 : to be or become effective or effectual 3 : to use persuasion successfully <prevailed on him to sing> 4 : to be frequent : PREDOMINATE <the west winds that prevail in the mountains> 5 : to be or continue in use or fashion : PERSIST <a custom that still prevails> Pronunciation Symbols ..." 2) "Wage" -- As to prevailing wage law 1wage Pronunciation: 'wAj Function: noun Etymology: Middle English, pledge, recompense, from Anglo-French wage, gage, of Germanic origin; akin to Old High German wetti pledge -- more at WED 1 a : a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piecework basis -- often used in plural b plural : the share of the national product attributable to labor as a factor in production 2 : RECOMPENSE, REWARD -- usually used in plural but singular or plural in construction <the wages of sin is death -- Romans 6:23 (Revised Standard Version)> - wage·less /'wAj-l&s/ adjective Pronunciation Symbols A wage is a compensation which workers receive in exchange for their labor. 1 Defining what is considered a wage 1.1 Labor and finance fields 1.2 In Economics 2 Determinants of wage rates 3 Etymology 4 Wages in the United States 5 See also 6 External links In labor and finance settings a wage may be defined more narrowly to include only cash paid for some specified quantity (measured in units of time) of labor. Wages may be contrasted with salaries, with wages being paid at a wage rate (based on units of time worked) while salaries are paid periodically without reference to a specified number of hours worked. Once a job description has been established, wages are often a focus when negotiating an employment contract between employer and employee. Economists define wages more broadly than just cash compensation and include any return to labor, such as goods workers might create for themselves, returns in kind (such as sharecroppers receive), or even the enjoyment that some derive from work. For economists, even in a world without others, an individual would still acquire wages from labor: food hunted or gathered would be considered wages and any returns resulting from an investment in tools (such as an axe or a hoe) would be deemed interest (a return on a capital investment). Depending on the structure and traditions of different economies around the world, wage rates are either the product of market forces (Supply and Demand), as is common in the United States, or wage rates may be influenced by other factors such as tradition, social structure and seniority, as in Japan. Several countries have enacted a statutory minimum wage rate in an attempt to prevent the exploitation of low-paid workers. Wage derives from words whic..." 3) "Law" -- As to prevailing wage law 1law Pronunciation: 'lo Function: noun Etymology: Middle English, from Old English lagu, of Scandinavian origin; akin to Old Norse log law; akin to Old English licgan to lie -- more at LIE 1 a (1) : a binding custom or practice of a community : a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority (2) : the whole body of such customs, practices, or rules (3) : COMMON LAW b (1) : the control brought about by the existence or enforcement of such law (2) : the action of laws considered as a means of redressing wrongs; also : LITIGATION (3) : the agency of or an agent of established law c : a rule or order that it is advisable or obligatory to observe d : something compatible with or enforceable by established law e : CONTROL, AUTHORITY 2 a often capitalized : the revelation of the will of God set forth in the Old Testament b capitalized : the first part of the Jewish scriptures : PENTATEUCH, TORAH -- see BIBLE table 3 : a rule of construction or procedure <the laws of poetry> 4 : the whole body of laws relating to one subject 5 a : the legal profession b : law as a department of knowledge : JURISPRUDENCE c : legal knowledge 6 a : a statement of an order or relation of phenomena that so far as is known is invariable under the given conditions b : a general relation proved or assumed to hold between mathematical or logical expressions - at law : under or within the provisions of the law <enforceable at law> synonyms LAW, Lady Justice is a personification of the law. Her blindfold symbolises equality under the law, the weighing scales represent the balancing of people's interests under the law and her sword denotes the law's force of reason. Law[1] is a system of rules intended to govern society, usually through the threat of some form of punishment or reprimand upon the transgression of such a rule.[2] Law frames everyday life and society in a wide variety of ways. Contract law regulates everything from buying a bus ticket to trading swaptions on a derivatives market. When mortgaging or renting a house, property law defines people's rights and duties towards a bank or landlord. When earning pensions, trust law protects savings. Tort law allows claims for compensation when someone or their property is harmed. But if the harm is criminalised, and the act is intentional, then criminal law offers means to prosecute the perpetrator. Society itself is built upon law. Constitutional law provides a framework for making new laws, protecting people's human rights, and electing political representatives, while administrative law allows ordinary citizens to challenge the way government bodies exercise their power. International law regulates the affairs between sovereign nation states in everything from trade, to the environment, to military action. "The rule of law," wrote the ancient Greek philosopher Aristotle in 350 BC, "is better than the rule of any individual."[3] Legal systems around the world elaborate legal rights and responsibilities in different ways. A basic distinction is made between civil law jurisdictions and systems using common law. Small numbers of countries still base their law on religious scripts. Scholars investigate the nature of law through many perspectives, including legal history and philosophy, or social sciences, such as economics and sociology. The study of law raises important questions about equality, fairness and justice, which is not always simple. "In its majestic equality," said the author Anato..." 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