In 75 years, minimum wage has only been changed 22 times! This is an issue! It is not 1938 anymore, the cost of living has increased. Not to mention inflation rates are rising every year. Minimum wage reached its peak in 1968(Babones). In today’s money it would be equivalent to $10.55 per hour(Babones). Many studies have been done about minimum wage and it’s effect on the unemployment rate, but as a recent study shows, minimum wage does not affect the unemployment rate(Babones). Based on the national income growth, minimum wage should be $22.08 an hour (Babones). Why can’t minimum wage be $10.55? The unemployment rate is higher now, than when minimum wage was $10.55. The act that created minimum wage in the United States is called The Fair Labors Standards Act of 1938(The University California Poverty). This act gave the workers in the United States federal protection(The University California Poverty). This act did more than just enforce a national minimum wage, it also provided the law of workers getting overtime pay, and set restrictions on child workers(The
In 75 years, minimum wage has only been changed 22 times! This is an issue! It is not 1938 anymore, the cost of living has increased. Not to mention inflation rates are rising every year. Minimum wage reached its peak in 1968(Babones). In today’s money it would be equivalent to $10.55 per hour(Babones). Many studies have been done about minimum wage and it’s effect on the unemployment rate, but as a recent study shows, minimum wage does not affect the unemployment rate(Babones). Based on the national income growth, minimum wage should be $22.08 an hour (Babones). Why can’t minimum wage be $10.55? The unemployment rate is higher now, than when minimum wage was $10.55. The act that created minimum wage in the United States is called The Fair Labors Standards Act of 1938(The University California Poverty). This act gave the workers in the United States federal protection(The University California Poverty). This act did more than just enforce a national minimum wage, it also provided the law of workers getting overtime pay, and set restrictions on child workers(The