The South Korean government enacted the" Minimum Wage Act" on December 31, 1986.
The Minimum Wage System began on January 1, 1988.
At this time the economy was booming, and the minimum wage set by the government was less than 30 percent of that of real workers.
The Minister of Employment and Labor in Korea asks the Minimum Wage Commission to review the minimum wage by March 31 every year.
The Minimum Wage Commission must submit the minimum wage bill within 90 days after the request has been received by the 27 committee members.
If there is no objection, the new minimum wage will then take effect from January 1.
The minimum wage committee decided to raise the minimum wage in 2018 by 16.4% from the previous year to 7,530 won( US$ 7.03) per hour.
This is the largest increase since 2001 when it was increased by 16.8 %.
Vasanthabalan( sometimes credited as Vasantha Balan) is an Indian film director and screenwriter.
He has made critically acclaimed films including" Veyil" and" Angadi Theru".
The minimum wage in the United States is set by US labor law and a range of state and local laws.
Employers generally have to pay workers the highest minimum wage prescribed by federal, state, and local law.
Since July 24, 2009, the federal government has mandated a nationwide minimum wage of$ 7.25 per hour.
there were 29 states with a minimum wage higher than the federal minimum.
From 2017 to 2018, eight states increased their minimum wage levels through automatic adjustments, while increases in eleven other states occurred through referendum or legislative action.
While the federal minimum wage is$ 7.25, most states and nearly all cities have higher minimum wages, with the result that over 90% of American minimum wage workers earn more than the federal minimum wage.
The effective nationwide minimum wage,( the wage that the median minimum wage worker earns), is$ 11.80 as of May 2019.
This is the highest it has been since at least 1994, the earliest year effective minimum wage data was available.
The purchasing power of the federal minimum wage peaked in 1968 at$ 1.60($ in dollars).
If the minimum wage in 1968 had kept up with labor's productivity growth, it would have reached$ 19.33 in 2017.
In 2019, the Congressional Budget Office released a report which estimated that raising the federal minimum wage to$ 15 an hour would benefit 17 million workers, but also cause 1.3 million people to lose their jobs.
A 2016 Pew survey found that 52% of voters supported a$ 15 federal minimum wage with 89% of Black, 71% of Latino, and 44% of White voters in favor.
about 2% of White, Asian, and Latino workers earned the federal minimum wage or less.
Amongst Black workers, the percentage was about 3%.
Bowley's law, also known as the law of the constant wage share, is a stylized fact of economics which states that the wage share of a country, i.e., the share of a country's economic output that is given to employees as compensation for their work( usually in the form of wages), remains constant over time.
It is named after the English economist Arthur Bowley.
Research conducted near the start of the 21st century, however, found wage share to have declined since the 1980s in most major economies.
Veyil is a 2006 Indian Tamil- language drama film written and directed by Vasanthabalan.
Bharath and Pasupathy are the male leads whereas Bhavana, Priyanka and Sriya Reddy plays the female leads.
Upon release, the movie met with highly positive reviews and was commercially successful.
In economics, the wage or labor share is the part of national income, or the income of a particular economic sector, allocated to wages( labor).
It is related to the capital or profit share, the part of income going to capital, which is also known as the K–Y ratio.
The labor share is a key indicator for the distribution of income.
The wage share is countercyclical; that is, it tends to fall when output increases and rise when output decreases.
Despite fluctuating over the business cycle, the wage share was once thought to be stable, which Keynes described as" one of the most surprising, yet best- established facts in the whole range of economic statistics."
However, the wage share has declined in most developed countries since the 1980s.
Faith, Fraud & Minimum Wage is a 2011 comedy film adaption of Canadian playwright Josh MacDonald's play "Halo".
The film is directed by George Mihalka, and stars Callum Keith Rennie and Martha MacIsaac.
George Mihalka( born 1953) is a Hungarian- born Canadian filmmaker.
He is known for his 1981 slasher film" My Bloody Valentine" which was remade in 2009.
Ballot Measure 36 of 1996 increased the U.S. state of Oregon's minimum wage from$ 4.75 to$ 6.50 over a three- year period.
The measure was approved by voters in the 5 November 1996 general election, with 769,725 votes in favor and 584,303 votes against.
The measure was placed on the ballot as a result of initiative petition.
Proponents of the measure included labor unions, the Oregon State Council of Senior Citizens and some religious groups.
They argued that the previous minimum wage was not a living wage, and that many minimum wage earners were trying to support families – see family wage.
Opponents included businesses that employ minimum wage earners, among others.
They argued that increasing the minimum wage would increase consumer prices, and increase unemployment as employers would be able to hire fewer workers.
They also pointed out that the U.S. Congress had just passed a( smaller) increase to the federal minimum wage.
In 2002, voters passed Measure 25, which again increased the minimum wage.
Measure 25 also tied future minimum wage increases to inflation.
Mr. Right is a 2009 British film directed by David Morris and Jacqui Morris.
The jointly- made gay- themed film is the debut for both directors.

Question: Do both directors of films Veyil and Faith, Fraud, & Minimum Wage share the same nationality?
Answer: no