Federal Minimum Wage Essay, The Importance Of Raising The Minimum Wage To Boost Broad Based U S Economic Growth Equitable Growth

The selling point that has brought people to the united states for centuries is the american dream.

How much is minimum wage for a 15 year old. The federal minimum wage is a hotly debated topic and a main point that invariably separates the beliefs of the democratic party platform from the republican party platformtodays federal minimum wage is 725 jamieson 2018the federal minimum wage is determined by the flsa fair labor standards act and has not been adjusted from a 725 hourly wage since july of 2009. Federal minimum wage is 725 per hour. In 1938 the first official federal minimum wage at 25 cents an hour was signed off by president roosevelt gitterman 1.

In just two years from 2013 the demanded from advocates for raising minimum wage rose from 9 to 15. This essay contains the information that does increasing wages help to reduce the poverty how these wages law hurt america as well as consequences of 15 minimum wage. The minimum wage was last increased on the 24 of july 2009 at the federal level.

Twenty one states have minimum wages at or below the federal minimum and various other states have minimum wages that are above. Finding the perfect minimum wage that will be good for both the employee and employer is a process and it has been an important controversial issue for many decades. Debate of whether the minimum wage should be raised is currently taking place.

However critics argue that there are many adverse effects on small businesses and the general economy of the country. As inflation runs rampant the value of the us. The federal minimum wage essay.

The first idea of minimum wage becoming an established law was enacted in 1912. Prosperity luxury opportunity and so on. Across america the ranks of the working poor are growing.

Unfortunately for many this dream has been squandered by the receding economy of an indebted country. 1035 words 5 pages. However raising the minimum wage is more complex than simply raising the number of federal standard of pay for employees.

Since 1938 when the minimum wage was first introduced at a rate of 025 an hour the federal minimum wage has increased 22 times. Economic policymakers and academic researchers base minimum wage discussions in the context of poverty and increasing the wages. The minimum wage rates vary between different countries.

The magnitude of the impacts of federal minimum payments has been a typical topic of discussion for years. This essay consists of the valuable information related to the minimum wages and several areas related to this topic are covered. Massachusetts was the first state to pass the law considering a minimum wage but it was abolished in 1935.