Introduction To Minimum Wage: Difference between revisions
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'''1935''' | '''1935''' | ||
*In the case Schechter Poultry Corporation v. United States(295 U.S. 495) the supreme court declared the National Industrial Recovery Act unconstitutional | *In the case Schechter Poultry Corporation v. United States(295 U.S. 495) the supreme court declared the National Industrial Recovery Act unconstitutional | ||
'''1938''' | |||
*Under the Fair Labor Standards Act the Minimum wage was re-established in the US once again to $.25 per hour | |||
'''1990's''' | |||
*President Bill Clinton passed a bill which allows states to set their minimum wage above the federal level | |||
[[Image:400px-State_min_wage2006_copy.jpg|thumb|Description]] | |||
Revision as of 21:05, 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
1938
- Under the Fair Labor Standards Act the Minimum wage was re-established in the US once again to $.25 per hour
1990's
- President Bill Clinton passed a bill which allows states to set their minimum wage above the federal level
