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Minimum Wage

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by

Chase Minton

on 4 March 2014

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Transcript of Minimum Wage

Development

STATISTICS
Economy
History
History
Opinions and projections.
Public Perception
1961 Minimum Wage is set for those working both retail and service jobs. This included clothing stores and factory jobs. One of the most monumental years in minimum wage was 1966. In 1966 minimum wage is set for most employees, including farmers and federal works.
Minimum Wage

- Wages and salaries have
increased dramatically
decreased slightly and
overall have fluctuated according to national and state debts, laws, and regulations.
The Rise of A New Economic Standard
The federal minimum wage law was enacted in 1938 under the Fair Labor Standards Act, and as of 2009 has multiplied by more than 25 times in its young life.
(Minimum wage may be considered a technological advantage and a privilege.)
Individual states continue to develop their own laws and regulations controlling wages and consequently affecting the federal economy as a whole.
Relevant Research Studies
Public Perception
Works Cited
Minumum Wages. 20 2 2014.
- Minimum wage is NOT a living wage.
- Each state's minimum wage varies
- Federal Minimum Wage is nationally equal

Most people seem to be in agreement with the fact that there should be a raise in the minimum wage.
Minimum wage differs between tipped and non-tipped jobs (ie: someone who works at McDonalds vs. a waitress at Chili's)
Many tipped jobs would profit from the new raise. The current minimum wage salary for a bartender or waitress is $2.13, but what the job's income relies on is the tips from customers.
The raise for tipped workers such as waiters could cause other parts of the buisness to suffer.
There are some people who believe that the three dollar pay raise is not sufficient enough and should be pushed even higher
Poll by: National Employment Law Project Action Fund
Liberal views and ideas about raising the minimum wage.
CEO's of large companies opinions on raising the minimum wage.
Theories of what might happen after the minimum wage is increased.
All in all nobody knows what will actually happen.
DOL. Minumum Wage. 20 2 2014.
"Cost of Living Calculator: Compare the Cost of Living in Two Cities." CNNMoney. Cable News Network, n.d. Web. Jan.-Feb. 2014.
http://www.dol.gov/whd/minwage/coverage.htm
Cooper, David. Raising the federal minimum wage. Web. 13 Mar. 2013.
Effects of Raising the Minimum Wage." New York Times 14 Feb. 2014: A30(L). Academic OneFile. Web. 19 Feb. 2014.
MINIMUM WAGE INCREASE WILL DO LITTLE FOR THOSE WHO NEED IT MOST, SAYS IOWA STATE PROFESSOR." States News Service 17 Feb. 2014. Academic OneFile. Web. 19 Feb. 2014.
Chase, Kaylee, Roman, Hunter, Brandon, Elena, Jeremy
63% of minimum wage workers are adults age 20 and over that would vote to raise minimum wage.
Adults support measures to counteract the trend of the minimum wage declining.
Working a job that pays minimum wage impacts a lot of Americans:
42.1% males are impacted
57.9% females are impacted
14.3% 16-19 year olds are impacted
85.7% 20 years+ are impacted
Adults say raising the minimum wage would help the economy and reduce turnover.
Theodore Roosevelt passes FLSA in 1938 enforcing minimum wage to those involved in the interstate commerce, the production of materials, and the service on the American Railroad.
In 1949 minimum wage is set for workers involved in the air transportation business.
One of the most monumental years in minimum wage was 1966. In 1966 minimum wage is set for most employees, including farmers and federal works.
Teenage workers.
Full transcript