The researchers analyzed minimum wage increases of food service workers in six cities — chicago, oakland, san francisco, san jose, seattle and washington, dc — from 2009 and 2016. The current federal minimum wage is $725 per hour, and has not increased since july 2009 however, some states, cities, and counties have a higher minimum wage rate. Over the years the federal minimum wage standards have been changing, and over the course of this paper things will be told about the changes the years will be a useful tool as the years increased so did the minimum wage, and it is still changing today.
Despite these positive benefits, and the sad fact that the minimum wage is worth far less today than it was in the late 1960s, with the senate set to vote to raise the federal minimum wage from $725 to $1010 per hour, opponents will likely trot out the same unfounded argument that the minimum wage reduces employment and with today's. Should the federal minimum wage be increased from the current rate of $725 per hour 5 paragraphs explain the issue and develop a comprehensive analysis of the source material. Minimum wage increases will affect numerous states across the country in january 2018 under the fair labor standards act (flsa), the current federal minimum wage is $725 per hour, but the flsa does not supersede any state or local laws that are more favorable to employees therefore, if a state.
The minimum wage is the minimum hourly wage an employer can pay an employee for work currently, the federal minimum wage is $725 an hour ( part of the fair labor standards act ) and some states and cities have raised their minimum wage even higher than that. There is a federal minimum wage and in some cases a state minimum wage the current federal minimum wage is $725 an employee who makes $725 an hour and works 40 hours a week, will earn about $14,000 per year. Published: mon, 5 dec 2016 minimum wage is defined as the lowest wage that is allowed by state and federal labor laws this wage applies mainly to the semi-skilled and unskilled workers in manufacturing plants and service industries. The minimum wage is the minimum hourly wage an employee gets paid from her/his employer for the work that has been done for instance, the minimum wage in where i live-california- is $900 per hour it is above the federal minimum wage (mejeur).
An employee working a 40-hour week at the federal minimum wage would earn $15,080 per year this income would leave a two-person household -- say, a single parent with one child -- just below the federal poverty threshold of $15,130. Projected wage values are based on cbo inflation projections, average wage and productivity growth from 2002 to 2006 (the last full regular business cycle), and, in the case of the real minimum wage line, the harkin-miller proposal to raise the federal minimum wage to $1010 over three years. Five reasons why we should raise the minimum wage meanwhile sen tom harkin, d-iowa, is pressing for the federal minimum wage to rise to $980 per hour by 2014. According to an analysis conducted by aaron pacitti, an assistant professor of economics at siena college, the current federal minimum wage of $725 an hour, adjusted for inflation, matches its.
Economy: unemployment and minimum wage essay raising the minimum wage, creating jobs, and supporting the small businesses economy is one of the most important issues in america therefore, a raise in the minimum wage should be made. Research papers on the federal minimum wage can be written from the economic standpoint, historical aspect or tracing the government's role in setting the minimum wage paper masters custom writes all our research papers so that your project on the federal minimum wage is unique and only written for you. Since the fair minimum wage act of 2007 raised the federal minimum wage to $725 an hour starting in 2009, there have been numerous unsuccessful attempts by congress to raise the wage further the two main efforts are the harkin-miller proposal to raise the wage to $1010 and the living wage movement to raise the wage to $15. In president obama's 2013 state of the union address, the president proposed to raise the minimum wage to 9 dollars by the year 2015 (luhby) a higher minimum wage would help people living in poverty by providing better means of financial stability, and it would also improve the chances of those people trying to escape poverty stricken living.
Is the current federal minimum wage fair according to an article published by bloomberg late last year, the current minimum wage of $725, while nominally higher than what it was in 1967 ($1. Essay on we should not raise the minimum wage in the past year, many protests occurred by members of the lower rungs of the fast food industry for the current minimum wage to go up from seven dollars and twenty-five cents to fifteen dollars an hour. The federal minimum wage was first enacted in 1938 as part of the fair labor standards act and set minimum hourly wages at 25 cents per hour, but the law excluded large segments of the labor force the current federal minimum wage is $725 per hour, which means a full-time minimum wage worker earns $15,800 per year. Amazon's wage increase comes down to cost vs political capital for investors the e-commerce titan is raising hourly pay to $15 an hour in the wake of attacks over how it treats workers.
The current federal minimum wage of $725 was established in 2009 and has been unchanged since because state legislatures can set minimum wages higher than the federal minimum, there are vast differences in the minimum wage across the united states. The most recent update to the federal minimum wage was in 2009, when it was raised to $725 an hour currently, 29 states and the district of columbia have a higher minimum wage than the federal rate. Increasing minimum wage essay minimum wage weather or not to increase minimum wage is currently a hot topic some feel that minimum wage should be increased while others say no minimum wage is the lowest wage payable to employees. Employee who works year-round is less than $16,000 (about $15, 080) according to the current federal minimum wage (rebuilding) to put into retrospect how out-dated the federal minimum wage is, consider that the minimum wage of 1956 amounted to exactly $793 in 2009 (henderson.
The current minimum wage is $725 former president obama advocated for gradually raising the minimum wage to about $10 an hour recently, the congressional budget office reported, that both sides of the debate held some merit, as there are benefits and some drawbacks to raising the minimum wage. Calls for minimum wage increases—at the federal, state, and local levels—are based on the premise that rises in the minimum wage will improve the economic well-being of low-paid workers this has become an important policy prescription in movements to combat poverty. 3) a 1000-1500 word essay evaluating current federal minimum wage and overtime laws, the problems of wage theft, if reform to these laws are needed, and how this would affect employers and employees.