Why Minimum Wage Be Changed?

This paper will explore the pros and cons of raising the current minimum wage to $15.00. It will start with the history and reasons for the minimum wage. It will cite the positive aspects for raising it, as well as the negative consequences of that action. It will then touch on actual cases presently, within the U.S. economy. Finally, I will present my conclusion.

1938 -- The minimum wage was first enacted into law as part of the Fair Labor Standards Act (FLSA) of 1938. The original minimum wage applied to workers engaged in interstate commerce and the production of goods for interstate commerce. In 1938, this applied to roughly 11.0 million workers out of a total of 54.9 million workers. The minimum wage was set at $0.25 per hour.

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

The federal minimum wage act was enacted on June 24, 1938 it started at twenty five cents an hour which would equal $3.50 today. The law was enacted to reduce the amount of poverty that had come about during the great depression. Looking at the past years of the wage when adjusted for inflation, the federal minimum wage reached

It's still a relatively new topic, minimum wage. Introduced in 1938, by President Franklin Roosevelt, it was a part of the creation of the Fair Labor Standards Act (FLSA). This act established “minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers.”(United States Department of Labor). At the present time of 1938, 25￠was quite a significant amount of money. However, now, the federal minimum wage has been set at $7.25 by President Obama in 2009. Within the past seventy years, many states have desired to raise their own minimum wage higher than that of the federal minimum. Presently, twenty-nine states have elected to pay their workers more rather than giving them the short-end of the stick.

The minimum wage was created in 1938 in order to give the people some sort of fair labor standards.the minimum wage should not be increase because it will hurt individuals and businesses and hurt the socio economic of equity by increasing the minimum wage some workers are gonna gain some but other are just going to be laid off because the businesses need more money for their employees.

This paper gives an insight on the debate whether the minimum wage should be raised to $10 an hour or not in the United States. There is a big debate in the United States regarding as to whether the minimum wage should be raised to $10 per hour, but before we go into details of the debate lets first understand what is meant by a minimum wage and how did it come into existence. A minimum wage is the lowest wage that is paid to workers by their employers, and the government legally sets it. A minimum wage is a price floor, workers are not allowed to sale their services below price, and the government legally sets the price (Neumark et al 2008). Although the minimum wage is put into effect in jurisdictions, there exist different opinions

Throughout the years, numerous people have struggled financially due to the low paying minimum wage. In 1938, a Federal minimum wage was introduced by President Franklin Delano Roosevelt, due to the Great Depression. The first minimum wage, which was originally coined as $0.25, has been increased by congress 22 times, most recently in 2009, where the minimum wage was increased by seventy cents. However, the current wage is valued at a lower price than what the original minimum wage would be valued as today. Therefore, it has lacked the ability to keep up with rising prices. The Federal Minimum Wage should be raised in order to stimulate the economy, and keep up with inflation.

Many people wonder if a raise in the federal minimum wage would help or hurt American. The federal minimum wage was introduced in 1938 during the great depression under FDR. It was initially set at 25 cents per hour and has been increased by congress 22 times. No we should not raise the federal minimum wage because it would hurt small businesses, increase competition between worker, and increase prices of good.

Minimum wage is now at a steady $7.25 per hour and shows no sign of increasing anytime soon. There are states right now at the time that are trying to raise the minimum wage, and see how this will effect the economy of the area.

Congress as part of the Fair Labor Standards Act (FLSA) instituted minimum wage back in 1938. The first minimum wage was at $0.25 per hour and the last minimum wage increase occurred in 2007. Over the past 65 years the minimum wage has varied considerably in inflation-adjusted buying power. It has averaged $6.60 an hour in purchasing power in 2013 dollars, but it has ranged from a low of $3.09 an hour in late 1948 to a high of $8.67 an hour in 1968. Today’s minimum wage buys somewhat more than the minimum wage has historically, although it remains over a dollar an hour below its historical high. In addition to the federal minimum wage, nearly all states within the United States have their own minimum wage laws with the exception of South Carolina, Tennessee, Alabama, Mississippi and Louisiana. Sixteen states have a minimum wage that is higher than the federal minimum wage. The first moves to legislate wages did not set minimum wages, rather the laws created arbitration boards and councils to resolve labor conflicts before the recourse to strikes.

The United States federal government has, over time, raised the country wide minimum wage to $7.25 per hour. This represents the lowest any state can set their minimum wage level. However, some states have chosen to set their own minimum wage higher, such as the $9.47 that Washington has set as

Minimum wage is one of the difficulties in the United States and around the world. Most of the countries have some type of minimum wage. Let’s take a look at the history of minimum wage. Minimum wage in the United State isn’t as old as you think might be. The first federal minimum wage was first introduced by Franklin D. Roosevelt in the 1930s. At first minimum wage was set at 25 cents an hour, which works out to about $4 per hour in today’s money. Minimum wage was introduced during the Great Depression, there was no national minimum wage or anything to protect workers from exploitation. “Because of the lack of regulation tens of thousands of workers were routinely exploited in sweatshops and factories, forced to work in horrible conditions and for pennies a week” (Minimum-wagehistory).

Federal minimum wage is a huge controversy around the world and especially in the United States today. It is the lowest wage that employers can legally pay their employees. The world’s first minimum wage law was passed in the year eighteen ninety-four in New Zealand. New Zealand’s minimum wage experiment caught the attention of other countries. It made them start considering the law for their own countries. The United States passed their federal minimum wage law in nineteen thirty-eight. The federal minimum wage amount was first set at twenty-five cents per hour. Since then federal minimum wage pay has been raised twenty-two times. Federal minimum wage is now set at seven dollars and twenty-five cents per hour. Federal minimum wage should

The minimum wage was set with the passage of The Fair Labor Standards Act of 1938 (FLSA). Its initial price point was $0.25 per hour, and it has been raised twenty-two times since. It allowed for federal protections against employers like minimum wage, overtime pay for time worked over a set number of hours in a workweek, restrictions on the employment of children, and recordkeeping requirements (uc davis). “In that year, the act applied to industries whose