Introduction To Minimum Wage: Difference between revisions
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[[Introduction to Minimum Wage|Introduction]] [[Why Minimum Wage Hurts the Economy|Hurts Economy]] [[Why Minimum Wage Helps the Economy|Helps Economy]] | [[Introduction to Minimum Wage|Introduction]] [[Why Minimum Wage Hurts the Economy|Hurts Economy]] [[Why Minimum Wage Helps the Economy|Helps Economy]] | ||
==Definition== | |||
Minimum wage is defined as the lowest wage paid or permitted to be paid; specifically : a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. More than 90% of all countries have minimum wage legistration | |||
==Minimum Wage History in the US== | |||
'''1933''' | |||
*National Industrial Recovery Act established a minimum wage of $.25-per-hour standard | |||
'''1935''' | |||
*In the case Schechter Poultry Corporation v. United States(295 U.S. 495) the supreme court declared the National Industrial Recovery Act unconstitutional | |||
Revision as of 20:55, 28 November 2006
Introduction Hurts Economy Helps Economy
Definition
Minimum wage is defined as the lowest wage paid or permitted to be paid; specifically : a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. More than 90% of all countries have minimum wage legistration
Minimum Wage History in the US
1933
- National Industrial Recovery Act established a minimum wage of $.25-per-hour standard
1935
- In the case Schechter Poultry Corporation v. United States(295 U.S. 495) the supreme court declared the National Industrial Recovery Act unconstitutional
