Minimum Wage Adjustment

By:


The history of the minimum wage dated back to 1938 when President Franklin D. Roosevelt signed The Fair Labor Standard Act (FLSA) into law which resulted in the creation of a mandatory federal minimum wage. And since it introduction, the United States Congress have been revising the federal minimum wage consistently every few years for the sake of inflation and the ever rising cost of living.

The federal minimum wage and it subsequent adjustments are reflected in the constantly updated labor law posters made available to all. Since the minimum wage is regarded as the cornerstone of the labor system, fixing of the rate have always generated a lot of debate from the employers, employees and their representatives, as well as the general public.

In 1997 the Clinton administration introduced the legislation that allow states to set their own minimum wage rate with the ultimate result of some states having minimum wages that are higher than the those of the federal. And for any state with a set minimum wage rate lower than that of the federal minimum wage rate, the federal rate have precedent.

The various states also have their own state labor law posters depicting updated states minimum wage rate as well as the current federal minimum wage. A state like Washington with the highest minimum wage rate of $8.67 reflected this in the state labor law poster. The California labor law poster also states the $8.0 minimum wage rate of the state as compare to Puerto Rico with the lowest minimum wage rate of $4.10 below the federal rate.

Whatever rate set as the minimum rate will keep generating debates on both side of the aisle like the present rate that is believe not to be fair and commensurate with present day cost of living of an average American worker. While the other side argued that raising the minimum wage will be detrimental to the sustainability of production by employers as well as jeopardizing attaining optimum full employment.

But with the achievement of a relatively better regime of minimum wage rate setting and other labor standards as a result of the promulgation of The Fair Labor Standard Act in 1938, all the opposition that can be generated on the further increases of the minimum wage rate and the enhancement of all other set labor standards cannot rival the opposition to the establishment of minimum wage rate that resulted in the United States Supreme Court ruling that denied such before it eventual introduction in 1938.


About the Author:
The federal minimum wage are reflected in the updated labor law posters made available to all. The various states have their own state labor law posters depicting updated states minimum wage. The California labor law poster also states the $8.0 minimum wage



Article Originally Published On: http://www.articlesnatch.com


|

Loading...
Related....
Videos...

Recent Careers-Employment Articles

Comments

Still can't find what you are looking for? Search for it!

Loading

Copyright 2005-2011 ArticleSnatch, LLC - All Rights Reserved.
Privacy Policy | Terms of Service.