Since 1938, the minimum wage has been raised several times; usually it would occur almost every year, sometimes it would happen three or four years later. But now, it hasn’t changed for the past five years. In 2007, the minimum wage was $5.85; in 2008 it was raised to $6.55, and then again in 2009, it was raised to $7.25. It is now the year 2014, and the minimum wage remains at $7.25 an hour. A full-time worker who is paid the minimum wage would make an annual income of $15,080.…
Minimum wage is the lowest wage allowed by law or by special agreement. the federal minimum wage for covered over time paid employees is 7.25 per hour; which was enforced july 24, 2009. these type of employees are called non exempt employees under the FLSA act. Employees must pay them one an a half times their regular pay when they work over fourty hours a week. in my opinion, we should not have minimum wage laws nor should we raise them.…
Today there is an ongoing debate related to minimum wage, stating whether we should raise the price or not. The supporting side of raising minimum wage states that it will create better living conditions for that target population, in addition to create new employment opportunities. Opposing views argue that raising minimum wage would in fact decrease employment resulting in a higher number of unemployment rate. Opposing views also argue that many business will not be able to afford paying their employees higher than $7.25, and would force business to either close, lay off workers, and reduce hiring. There is also disagreement with raising the federal minimum wage because it does not take into consideration each state’s cost of living (Addison & Blackburn,…
Minimum wage is a standard budget created to provide the American workers protection and fairness. It is what saved American workers during the horrid Great Depression period when everyone seemed to be bankrupted and lost. Federal minimum wage saves workers from being overworked. It was introduced during the 1930s around the time of the Great Depression. The Great Depression was a worldwide depression virus that wrecked economies and the stock market ruining thousands of lives.…
Many citizens in the United States struggle, barely making it with minimum wage paying jobs. Most people work two to three jobs put together, to pay for their livings and to support for their families. Based on the State of California: Department of Industrial Relations, in October 1, 1996, minimum wage was $4.25-increasing to $4.75 within that year. A year after, in March 1st, the wage was $5.15-$5.75, but it changed again on September 1st. Increasing a dollar twenty-five.…
In 1938, the minimum wage was established as part of the fair Labor Standard Act. Over time, of infrequent and inadequate adjustment the minimum wage, no longer serves as an adequate wage floor. One of the most controversial issues in the U.S. is if minimum wage should be increased to $15 or not. People believe that if minimum wage was increased it would help out with day to day living.…
As of January 1st, 2016, the minimum wage in California is 10 dollar per hour and throughout the year, the minimum wage increases by a few cents. Currently, the minimum wage increased to 10.30 per hour. What is minimum wage? Minimum wage is a standard limit meant to guarantee a fair wage for the lowest pay workers (EPI). Some might agree that raising the minimum wage will help improve the life of low-income family.…
There is a very large group of unskilled workers in the United States labor force today, and many of them do get paid the federal minimum wage of $7.25 per hour. The condition of the lower class in the United States today is at a very low point due to the immense income inequality and unemployment rates. Not only are the economic conditions substandard, but also the lower class environment. Many of them are living in very bad conditions and are struggling to make ends meet. There has been a huge controversy about whether the minimum wage is a livable wage.…
Each states has their own set minimum wage, and it varies from state to state and city. Minimum wage in different states can vary from $7.50 an hour to 9.47 an hour. These wages are expected to increase as the years go by to some cities even to $15.00 an hour. The fourth fact is about 30% of workers who get paid by hour, and those who are not working for their own business, are working for a wage that is almost minimum wage. Which means they are gaining a bit more than minimum wage.…
When the minimum wage was introduced in 1938 with the Fair Labor Standards Act it was met with acclaim. This is because it eliminated underage child labor which was widespread in the 1930’s. It also stated that the minimum wage would increase with inflation inflation the minimum wage would also increase, which it has over the last century. However, aAs of late the minimum wage has not kept pace with…
As a teenager, one of the first things that you look forward to is turning sixteen, becoming employed and earning your own money. Teens are usually already aware they will be making minimum wage, at least until they obtain a raise or a promotion. In the article, Economists Debate the Minimum Wage, Robert P. Murphy discusses the effects that the raising of the federal minimum wage might have on the employment rate. He explains that the current minimum wage is a big issue in terms of teen employment, meaning that “the demand for low skilled labor is very inelastic.” The manipulation of the wage could make it more difficult for teens and low skilled workers to come by a job, lowering the employment rate altogether.…
The issue of minimum wage has been a hotly debated topic among politicians and their constituents. Many argue whether minimum wage exists to help people on poverty or used as a base salary for future positions. This issue has been especially concerning for candidates running for the 2016 presidential election. Despite being a somewhat simple topic, the argument for minimum wage has divided Americans in terms of what to do. In Ari Armstrong’s article, he argues that minimum wage is egregious and will only harm the economy by causing people to have lower motivations and lack of employment.…
The problem in this dissertation, is that since 2009, the minimum wage income remains unchanged and the legislation in the United States (US) is not uniformed; which creates wage imbalances across the country and the minimum wage earners are held in a quandary. (Addison et al, 2013) Under the current legislation, various industries and several states are exempt from the minimum wage laws; which impedes the workforce from earning more income. (DOL, 2016) Individuals employed in certain industries exempt from the current minimum wage laws, such as retail workers (non-management), switchboard operators, farm workers and workers with disabilities have a disadvantage when competing for wages.…