Briefly discusses the history of the minimum wage and examines some of the legal aspects concerning minimum wage.
Written in 2002; 2,172 words; 8 sources; MLA; $ 67.95
Paper Summary:
This paper looks at a variety of aspects regarding minimum wage. It looks at the laws enacted, the rates set, and exceptions to minimum wage laws. The deterioration of the buying power of minimum wage is addressed, and statistical evidence of this deterioration is provided. Also included is an account of the economic impact of minimum wages.
Brief History of Minimum Wage
United States Minimum Wage
Minimum Wages Economic Impact
Different States Minimum Wages
From the Paper:
"The minimum wage as part of the Fair Labor Standards Act was passed in the year 1938. The first minimum wage was .25 per hour. However, it has increased over the decades with now as current federal minimum wage $5.15 per hour. But even with the increases, the Coalition on Human Needs has observed that the buying power of the federal minimum wage has deteriorated by almost twenty five percent over the last twenty years (about.com)."
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