A Brief Note On The Federal Minimum Wage Essay

1191 Words Jan 1st, 2016 null Page
According to wikipedia “a minimum wage is the lowest remuneration that employers may legally pay to workers. Equivalently, it is the price floor below which workers may not sell their labor.”

The U.S. federal minimum wage was first established during the Depression in 1938 as part of the Fair Labor Standards Act. It started at merely 25 cents and it has risen to $7.25 per hour.

Along with establishing minimum wage, the Fair Labor Standards Act also banned oppressive child labor and the maximum workweek at 44 hours.

Many believe that the minimum wage is something that only teenagers earn, but that is simply not the case. 48.2% of the 3 million workers who were at or below the federal minimum in 2014 were ages 16 to 24, though only 24% are teenagers ages 16 to 19. 22.4% of people at or below the federal minimum are ages 25 to 34. Nearly the same amount as the teenagers making up the demographic. These 3 million at or below the federal minimum only represent about 2.3% of all wage and salary workers, but about 20.6 million people or roughly 30% of all workers are “near-minimum-wage” workers, those who make more than the minimum wage in their state but less than $10.10 an hour. Statistically speaking these people are 76% white and 54% female. The South has the highest concentration of workers at or below minimum wage. They make up about 35.5 percent of the nation 's workforce, but 47.4 percent of those workers make the minimum wage, or lower.

President Franklin Roosevelt…

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