2. Who determines the minimum wage in a particular geographical area? How is the mini- mum wage determined?

The federal government sets a standard minimum wage that applies to all employees.

Minimum wage rates are determined by factors such as poverty threshold, prevailing wage rates and socio-economic indicators.

`stare decisis is a legal doctrine that obligates courts to follow historical cases when making a ruling on a similar current or future case. stare decisis ensures that cases with identical facts be approached in the same way, unless overruled by the same court or a higher court such as the us supreme court. simply put, it binds courts to follow legal precedents set by previous decisions.

stare decisis is a latin term meaning "to stand by that which is decided".