U.S. Minimum Wage : Issues & Potential Effects of an Increase
Book Details
Format
Paperback / Softback
ISBN-10
1631176897
ISBN-13
9781631176890
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 1st, 2014
Print length
77 Pages
Weight
204 grams
Dimensions
23.00 x 15.30 x 0.80 cms
Product Classification:
Employment & unemployment
Ksh 12,600.00
Not available
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Quality
Fast
The Fair Labor Standards Act (FLSA) of 1938 established the hourly minimum wage rate at 25 cents for covered workers. Since then, it has been raised 22 separate times, in part to keep up with rising prices. The minimum wage is not indexed to the price level. It has been legislatively increased from time to time to make up for the loss in its real value caused by inflation. This book discusses the federal minimum wage; inflation and the effect it has on minimum wage; the effects on employment and family income of an increase of minimum-wage; and the Fair Labor Standards Act (FLSA), which is the federal legislation that establishes the minimum hourly wage that must be paid to all covered workers.
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