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A Southern State enacted the Fair Minimum Wage Act (FMWA), which establishes fair working standards including a state-wide minimum wage of $15. The FMWA includes

A Southern State enacted the Fair Minimum Wage Act (FMWA), which establishes fair working standards including a state-wide minimum wage of $15. The FMWA includes floor preemption. What does that mean?

It disallows local laws that require a higher minimum wage (e.g., $20) than set by the State

It allows local governments to enact laws requiring a higher minimum wage (e.g., $20) than set by the State

It disallows additional state laws that regulate fair working standards

It allows local governments to enact laws requiring a lower minimum wage (e.g., $10) than set by the State

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