Minimum Wage And The Wage

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What is minimum wage? It is the lowest amount that employers must pay their workers per hour of their labor, legally prescribed by federal government. According to Bureau of Labor Statics, United States Department of Labor, minimum wage was first introduced in United States by President Franklin Delano Roosevelt in 1938 called Fair Labor Standard Act (FLSA). The initial minimum wage was set to $0.25 per hour in 1938 (Grossman). The minimum wage was increased twenty-two times from 1938 to 2009. At present, the federal minimum wage has not changed since 2009, and is fixed at $ 7.25 (U.S Department of Labor). The raise of minimum wage becomes a controversial topic among citizen, some people are in favor of raising the minimum wage, while…show more content…
Same as, increase to $10.10 would lift 900,000 people out poverty (Pro. Con). An approximate of 3.6 million (4.7%) of people among the whole population in United States earn federal minimum wage. President Obama wanted to raise the federal minimum wage from $7.25 to $10.10 because increase wage helps 900,000 families to pull out from the poverty line (Gray 40). One economic professor, Bradley R. Schiller states that majority of young minimum wage workers are attending the school. Thus, they are in the work force for very short period (summer vacations, winter vacations). If minimum wage is increase, they can earn more money from the part time job (624). Richard Johnson, president of Associated Merchant in Nashville said, “I am for higher minimum wage. There is no rational reason why our society should allow some people to earn enough to own five mansions while those who pick up their garbage can’t even afford a small house. Picking fruit and picking up garbage is hard work, why should not someone who is willing to do that be rewarded with enough income to enjoy decent lifestyle?” (Business for a Fair Minimum Wage 77)
In addition, increase in minimum wage increases the number of worker and decreases the employee turnover rate. Chad Halverson writes employee who work on higher minimum wage feel more comfortable and satisfied in their jobs. Due to this reason, there will be less chance to quit the job. According to many economists, Yellen Janet, Manning Alan,

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