Should the Minimum Wage Be Raised? Reasons, U.S. Economy, Education (2014)
- Duration: 19:03
- Updated: 29 Oct 2014
In the United States, workers generally must be paid no less than the statutory minimum wage as specified by the U.S. federal government and local as well as state governments. As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.32 per hour in Washington as of January 1, 2014.[1] On March 26, 2014, Connecticut passed legislation to raise the minimum wage from $8.70 to $10.10 by 2017, the first state to address President Obama's call for an increase on minimum wage. On June 2, 2014, the City Council of Seattle, Washington passed a local ordinance to increase the minimum wage of the city to $15 an hour, giving the city the highest minimum wage in the United States. The $15 rate will be phased in over the next seven years, to be fully implemented by 2021.
Among those paid by the hour in 2013, 1.5 million were reported as earning exactly the prevailing federal minimum wage. About 1.8 million were reported as earning wages below the minimum. Together, these 3.3 million workers with wages at or below the minimum represent, respectively: 1.0% of the population, 1.6% of the labor force, 2.5% of all workers, and 4.3% of hourly workers.
U.S. Senator Elizabeth Warren has pointed out that the federal minimum wage rate would be $22.00 if it had kept pace with increased worker productivity.
Since it was last re-set on July 24, 2009, the federal minimum wage in the United States has been $7.25 per hour. Some U.S. territories (such as American Samoa) are exempt. Some types of labor are also exempt: employers may pay tipped labor a minimum of $2.13 per hour, as long as the hourly wage plus tip income equals at least the minimum wage. Persons under the age of 20 may be paid $4.25 an hour for the first 90 calendar days of employment (sometimes known as a youth, teen, or training wage) unless a higher state minimum exists.[11]
The July 24, 2009 increase was the last of three steps of the Fair Minimum Wage Act of 2007. The wage increase was signed into law on May 25, 2007, as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. The bill also contained almost $5 billion in tax cuts for small businesses.
The Supreme Court held that the federal minimum wage is constitutional and does not exceed the scope of the Commerce Clause in U.S. v. Darby Lumber Co., 312 U.S. 100 (1941).[12]
In April 2014, the United States Senate debated the Minimum Wage Fairness Act (S. 1737; 113th Congress). The bill would amend the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two year period.[13] The bill was strongly supported by President Barack Obama and many of the Democratic Senators, but strongly opposed by Republicans in the Senate and House.
http://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
http://wn.com/Should_the_Minimum_Wage_Be_Raised?_Reasons,_U.S._Economy,_Education_(2014)
In the United States, workers generally must be paid no less than the statutory minimum wage as specified by the U.S. federal government and local as well as state governments. As of July 2009, the federal government mandates a nationwide minimum wage level of $7.25 per hour, while some states and municipalities have set minimum wage levels higher than the federal level, with the highest state minimum wage being $9.32 per hour in Washington as of January 1, 2014.[1] On March 26, 2014, Connecticut passed legislation to raise the minimum wage from $8.70 to $10.10 by 2017, the first state to address President Obama's call for an increase on minimum wage. On June 2, 2014, the City Council of Seattle, Washington passed a local ordinance to increase the minimum wage of the city to $15 an hour, giving the city the highest minimum wage in the United States. The $15 rate will be phased in over the next seven years, to be fully implemented by 2021.
Among those paid by the hour in 2013, 1.5 million were reported as earning exactly the prevailing federal minimum wage. About 1.8 million were reported as earning wages below the minimum. Together, these 3.3 million workers with wages at or below the minimum represent, respectively: 1.0% of the population, 1.6% of the labor force, 2.5% of all workers, and 4.3% of hourly workers.
U.S. Senator Elizabeth Warren has pointed out that the federal minimum wage rate would be $22.00 if it had kept pace with increased worker productivity.
Since it was last re-set on July 24, 2009, the federal minimum wage in the United States has been $7.25 per hour. Some U.S. territories (such as American Samoa) are exempt. Some types of labor are also exempt: employers may pay tipped labor a minimum of $2.13 per hour, as long as the hourly wage plus tip income equals at least the minimum wage. Persons under the age of 20 may be paid $4.25 an hour for the first 90 calendar days of employment (sometimes known as a youth, teen, or training wage) unless a higher state minimum exists.[11]
The July 24, 2009 increase was the last of three steps of the Fair Minimum Wage Act of 2007. The wage increase was signed into law on May 25, 2007, as a rider to the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. The bill also contained almost $5 billion in tax cuts for small businesses.
The Supreme Court held that the federal minimum wage is constitutional and does not exceed the scope of the Commerce Clause in U.S. v. Darby Lumber Co., 312 U.S. 100 (1941).[12]
In April 2014, the United States Senate debated the Minimum Wage Fairness Act (S. 1737; 113th Congress). The bill would amend the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two year period.[13] The bill was strongly supported by President Barack Obama and many of the Democratic Senators, but strongly opposed by Republicans in the Senate and House.
http://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
- published: 29 Oct 2014
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