Skip to main content

Tutorial On the Minimum Wage

15 Feb 2013

Tutorial On the Minimum Wage

The Fair Labor Standards Act of 1938 established a minimum hourly wage for covered, nonexempt employees. It was $0.25 back then, and it is $7.25 right now, which is where it’s been since 2009, when a third consecutive annual raise kicked in. Before 2007, the federal minimum wage stood at $5.15 for nearly 10 years. Wage Chart States have their own minimum wage law. JOB CREATOR OR JOB CRUSHER NJ writes, “…the minimum wage remains remarkably controversial. Each time a president proposes raising it, as President Obama did this week, a certain Kabuki ritual repeats itself as economists haul out data to show that it’s either constructive or destructive, and each party reverts to its talking points.”

Related Posts

The Washington Report – April 17, 2015

This week's Washington Report! To sign up for the direct email, click here.   YESTERDAY...

The Washington Report – February 13, 2015

This week's Washington Report! To sign up for the direct email, click here.   WEATHER...

Washington Report December 1, 2017

Do Not Lie To The FBI ... Senate Tax Bill ... Shut Down Watch ......

Leave a reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.