Minimum Wage And The Wage Essay

Minimum wage is the lowest amount of pay that employers can legally pay their workers. Minimum wage in the United States, is set at $7.25, the federal government takes out up to 12 percent of the whole payment for taxes. The Fair Labor Standards Act (FLSA) are the ones who have set the minimum wage from 1938 to the current year, 2017. The FLSA is a law that sets various labor regulations that includes interstate commerce employment, requirements for overtime pay, and the limits on child labor. Some argue that teenagers and low paying workers should be paid more than $7.25 dollars an hour, while others argue that they should suck it up and be thankful for what are paid. Researchers have stated that high minimum wage increases have helped bring the poverty level down in the United States. Other researchers have said that the level of minimum wage has little to no effect on the poverty level. Minimum wage is a happy medium that a company or organization sets for an employee; they use this as a starting point for an employee to receive raises and bonuses. Minimum wage is thought out to be by some a terrible thing because it is the reason our poverty levels are down, but with the minimum wage it has helped with economic growth.

U.S. Congress passed the federal minimum wage law in 1938 as part of their Fair Labor Standards Act. Federal minimum wages were intended to ensure fair wages were paid to an alarming amount of women and youths employed and paid substandard wages. This also seems to be the case today, where countless Americans who work full time, cannot make ends meet by making minimum wage. Evidence shows that raising the minimum wage would drive consumer spending, thus producing faster macroeconomic growth. Wage stagnation is one of the key things holding back our economy from growing the way we need it to.

Most people have witnessed firsthand driving through a densely populated city and glancing out the window to see camps set up on the streets for people who cannot afford living quarters. These poor citizens are living like this because they either do not earn enough money annually to keep a home and use what they have on a source of food. Increasing federal wage to $10.25 would help these poor American citizens and the children in America as well.

Minimum wage is the minimum hourly wage an employee can earn from work. President Franklin D. Roosevelt signed the minimum wage law on June 25, 1938. However, the United States has not always had a minimum wage. The United States minimum wage has been in effect since the Great Depression. Before then there was no minimum wage and there certainly were not any legislation to look after workers from development. Many of workers had to work in awful environments such as factories and sweatshops and they were only paid a few pennies a week. The minimum wage started at 0.25 cents per hour and the maximum workweek at 44 hours in 1938. As of today, the federal minimum wage is at $7.25 an hour, part of the Fair Labor Standards Act.

Minimum wage is basically a wage that a company must pay the employee. This was put in place by the Fair Labor Standard Act in June 25, 1938 (Lal, 12)It was made for the workers in the mines, manufacturing, farms, and any other basic skill jobs. The wage itself was only 25 cents, which is roughly $4.04 in today’s money. Since that time it has been raised repeatedly and from this the cost of living has increased dramatically to follow it. (Lal, 13)

Raising minimum wage has been a debate for quite some time now. President Roosevelt started minimum wage in 1938. When minimum wage was first set, Roosevelt had set minimum wage at $0.25 an hour. Since then, minimum wages had gradually increased to $7.25 an hour and has not been risen since July 2009. According to an article on ProCon.org, “congress has increased federal minimum wage 22 times.” When making such a decision, pros and cons should be weighed. People should also remember that minimum wage may be different from state to state. For Example, Michigan is where I’m from and minimum wage has increased to $8.90, as of January 1, 2017. Other examples include; California at $10.50, Arizona at $10.00, and Massachusetts at $11.00. Because everyone has different feelings about whether to raise minimum wage, weighing the Pros and Cons is very important for congress in making the right decision. For the citizens of the United States and for their future. I believe that the Pros outweigh the Cons.

⭐The minimum wage in the US is $7.25 an hour, and in more than 25 states it is even higher! This is a big problem and even though some think that raising the minimum wage is good economics, it actually would ruin the economy and many of the US citizens’ lives. This is because increasing the minimum wage would have negative effects like food price increases, loss of job opportunities, and less incentive for a higher education.

Minimum wage is something a lot of people want to change. Some want to change it to $15.00 an hour, that is double of what it is now, others argue that it should stay the same. Many things would change if minimum wage was raised. People argue that it should be raised, but they don’t stop to think about what the consequences would be. Raising the minimum wage would not only affect many of us in this room, but many people around the United States.

The minimum wage was set in a federal mandate back in the 1938, by President Franklin D. Roosevelt, to have a minimum hourly wage set across the United States. The bill is known as the Fair Labor Standards Act (FLSA). It was founded to boost the low-income families and provide some money to the full time workers. In its original form, the bill first covered about 38 percent of the workers in America such as covering the workers in the mining field and transportation industry. As we became more technologically advanced it starting covering the airplane industry by 1947 and construction sites by the early sixties. In America today, the FLSA has covered close to 85 percent of the American workforce (Wilson, September 2012). The FLSA

A minimum wage is the lowest hourly wage that employers have to compensate the workers for their service. Currently the federal minimum wage is $7.25 per hour. However, many states also have their own minimum wage laws. In those instances, the employee is entitled to the higher of the two minimum wages. In this paper we will discuss the brief history of the minimum wage law and its current legislation. We will also analyze the pros and cons of raising the minimum wage, and the merits of each argument.

In 1930 the United States passed a federal law controlling minimum wage. This has led to random increases in minimum wages. For more than a century minimum wage has been a key factor in public policy. Minimum wages were first used to prove against the idea of American factories being “sweatshops” (Josh Barro 01). Over time the minimum wage level has risen and fallen do to the progress of the economy. The amount of money earned from a minimum wage salary today is thought to not be enough to live a regular life (. "Four States Vote to Raise Minimum Wage." 01).

Established by the Fair Labor Standard Act (FLSA), Federal minimum wage first went active October of 1938 starting at 25 cents an hour. According to The Bureau of Labor Statistics the minimum wage was not consistent until the start of 1978 and has increased 22 times since then to keep up with the rise on the prices of goods and services. The stretched period of times that minimum wage increased as well as inflation, the purchasing power of the minimum wage has decreased significantly during the time. The minimum wage is not cataloged to price levels, it has just been adjusted here and there to keep up with its loss in its real value (purchasing power) due to inflation. Minimum wage adjustments occurred alternately, often

The minimum wage was put into place to stabilize the post-depression economy, and to create a minimum pay that would allow employees to make a living and support their families with. There is a federal minimum wage ($7.25 per hour), but there are also many state minimum wages. Many states have their own state minimum wage laws. Due to this, minimum wage varies from state to state. Minimum wage, as of 2015, ranges from$7.25 per hour to $11.50 per hour. If the state minimum wage falls below the federal minimum wage, employees are entitles the federal minimum wage.

The issue of minimum wage is not a new one to our society, American’s have fought for minimum wage continuously since it was introduced by “President Roosevelt on June 25, 1938 as part of the Fair Labor Standards Act of 1938.” (Forbes) Workers have fought to keep the minimum wage in line with demand.

In United States the minimum wage is been set by a network of federal, state, and local laws. Workers are generally been paid no less than the statutory minimum wage as specified by the government. As of July 2009, the federal government officially ordered a nationwide minimum wage level of $7.25 per hour. The federal minimum wage was at its highest at 10 dollars in 1968, as measured in 2014. Since then there were controversial debates over the