(Next Slide) According to the U.S. Department of Labor, minimum wage is the lowest wage permitted by law or by a special agreement.
President Roosevelt and members of Congress adopted the Fair Labor Standards Act in 1938. This established federal minimum wage of twenty-five cents an hour. Minimum wage has been raised twenty-two times since then. Currently minimum wage is not based on inflation, consumer price indexes or cost of living. Although it has decreased in value due to it not being raised to keep up with inflation, CPI, or cost of living. Minimum wage should be increased and at some point by