Minimum wage is a labor standard that sets the lowest wage rate that an employer can pay its employees. Its main goal is to protect non-unionized workers in unprofessional jobs. The U.S. established the first minimum wage to be $0.25 an hour with the passage of the Fair Labor Standards Act of 1938 (FLSA). Over the changing time periods‚ considering inflation and economic growth‚ the minimum wage now stands at $7.25 an hour. One of the biggest debates in the United States is whether the government
Premium Minimum wage Employment Wage
workers. The first act requiring employers to pay a minimum wage was the Fair Labor Act Standards Act of 1938 was during President Roosevelt’s administration. It passed important laws concerning child labor and maximum hours per week as well as wages to workers of certain industries. Workers today are still fighting to make a living wage. Anyone in a country as wealthy as ours should not work full time and yet be unable to make a living. The minimum wage should be raised and applied to all workers‚
Premium Minimum wage Wage Employment
styles. Working people lives in the paycheck of the minimum wage. A Minimum wage is the minimum an employer has to pay an unskilled worker based on the regulations set forth by the Fair Labor Standards Act (FLSA) that was originally established in 1938. Over the years there has been much debate about raising the federal minimum wage. Some are against and some are in favor in raising the minimum wage. The United States should raise the Federal Minimum Wage to help people to afford education‚ help the
Premium Minimum wage Wage Employment
Should Minimum Wage be Raised? Some people believe that raising minimum wage will help with economic growth‚ while others believe that minimum wage would do the opposite and actually force the manager to lay off many employees and raise unemployment levels. After researching both sides of this argument I believe that minimum wage should not be raised because after the price is higher‚ the company will not have enough money to pay all their employees and would have to make sacrifices such as laying
Premium Wage Minimum wage Employment
Professor Date Raising the Minimum Wage Despite Modern Misconceptions The classic argument against raising minimum wage is a competitive economic model‚ the basic economic model that misconstrues the important and detrimental aspects of the modern economy and the greed that is employed by large corporations and their prime investors. The perversion of the model funnels many that are less informed on how economics and ethics work into holding on to the false belief that minimum wage is an elitist motive
Premium Minimum wage Wage Employment
David Metcalf has concluded that the implementation of the minimum wage appears to have had no negative impact upon Employment. Critically examine the possible explanations for this outcome. The minimum wage was implemented and became law on the 1st April 1999 this helped prevent unfair low pay and “levelled the playing field” (http://www.businesslink.gov.uk/bdotg/action/layer?topicId=1074402393) for employers as companies could compete on quality of goods rather than setting a reduced price based
Free Minimum wage Employment Wage
Minimum Wage As living expenses rise‚ and inflation takes its toll‚ it is merely common sense to raise minimum wage to help blue collar Americans cope with the everyday change in our currency. Raising the minimum would help cover the basic necessities of an average worker’s life‚ stimulate the economy‚ and help balance the growing gap between the middle and upper classes. In 2011‚ there were near 4 million Americans who were earning the minimum wage of $7.25 an hour. In Georgia‚ the average
Premium Minimum wage Wage Employment
argument of raising or keeping the minimum wage payment‚ it brings attention to the workers and big corporations. Many thoughts on the cost of living with a higher minimum would make the cost of living boost to the point where it’s not affordable to the average citizen. Raising the minimum wage could crush small businesses and turn eight employees at a chain restaurant to four employees due to the insufficient funds to pay the other four. Increasing the minimum wage will hurt the United States in
Premium Minimum wage Employment United States
Minimum Wage Increase “Americans overwhelmingly agree‚ no one who works full time should ever have to raise a family in poverty…”‚ said the State of the Union in 2014. In 2014‚ fifty-three percent of all people‚ that worked full time jobs‚ year-round‚ that were between the ages of 18 and 64‚ were living at poverty level (U.S Census‚ 2014). People are working their hardest and still not being able to get by. A minimum wage increase could prevent this. With the wage increase‚ people will be able to
Premium Wage Minimum wage Employment
Against Raising Minimum Wage People everywhere are voicing out that we need to increase minimum wage‚ again. They say that an increase will have a minor impact on jobs but there are no facts to back them up. The impact of raising minimum wage has been studied since the beginning‚ and has been concluded that raising minimum wage hurts the poor‚ and helps the rich. Raising minimum wage takes away jobs; especially the low-skilled and young worker‚ keeps people on welfare‚ and also encourages high school
Premium Unemployment Minimum wage