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

Washington Report April 8, 2016

SUPREME WATCH ... OPIOIDS ... AIRLINE SEAT SIZE ... SENATE 2016: DEEP DIVE ... ONE...

The Washington Report: December 4, 2020 … “Demo-crazy’s Stress Test”

Many Balls In The Air Right Now ... All Eyes On Mitch ... House Votes...

Washington Report: March 20, 2020 #ActuallyStayHome

Shout out to the real heroes of this pandemic ... the health care workers who...