Minimum Wage Laws
In 1938, the Fair Labor Standards Act (FLSA) was signed into law to establish a standard minimum wage. The law also created a standard in recordkeeping, the use of child labor, and the number of hours an employee may work during a workweek. These standards of the FLSA are enforced by the Wage and Hour Division of the U.S. Department of Labor.
As part of the 2007 Fair Minimum Wage Act, the current federal minimum wage for nonexempt employees is $7.25 per hour. However, many states also have their own minimum wage laws. If an employee is faced with both the federal and state minimum wage laws that employee is to acquire the higher minimum wage, which is the most beneficial to the employee.
According to the United States Department of Labor,
…show more content…
As of December 31, 2015, the wage paid to employees in the fast food industry in New York City is $10.50 per hour and $9.75 per hour for workers in the rest of the state. Under state law, employers must pay at least $2.13 an hour to the employee even if the employer includes tips earned as part of an employee’s wage. However, if the combined hourly wage and the tips of the employee do not reach the minimum wage requirement, the difference must be compensated by the employer. In New York’s hospitality industry the minimum wage for tipped workers is $7.50 per hour if enough tips is earned. For other tipped workers, an individual must earn at least $1.35 per hour in tips in order to receive $7.65 per hourly wage, or $6.80 per hour if the individual can earn at least $2.20 per hour in …show more content…
When planning and establishing a wage/salary for employees of a company, many considerations should be addressed according to current economic situations as well as current federal, state, and/or international minimum wage laws. Other factors such as employee benefits and/or bonuses should also be considered in terms of setting employees’ salaries. Although all corporations must adhere to the laws, HR should consider and expect future budget increase and be able to create and establish a beneficial salary/wage for employees that would allow the corporation to be competitive while being cost
Pro Minimum Wage Essay
861 Words | 4 PagesThe idea of a minimum wage first emerged in the early 20th century, when reformers and labor groups pushed for legislation that would place a floor on salaries. As part of the Fair Labor Standards Act, the first minimum wage law was enacted in the United States in 1938. Since then, numerous nations have passed minimum wage legislation to safeguard workers against exploitation and poverty. Example #1–Historical (pre-1900)
Is It Ethical To Raise Minimum Wage
321 Words | 2 PagesCities are also allowed to pass minimum wage rates and several cities have recently adopted regulations that establish a higher minimum wage rates. For example, Los Angeles signed into law a bill that would raise the minimum wage to $15 an hour by 2020 (Wattles). According to a Pew Research
Living On Minimum Wage Analysis
495 Words | 2 PagesI watched a documentary called “Living on Minimum Wage” in the series Thirty Days. In the series Thirty Days, a man named Morgan Spurlock puts himself into certain situations to experience the problems some Americans face everyday. Mr. Spurlock decided to live off of minimum wage in the state of Ohio. The minimum wage in Ohio now is $8.10 per hour, but in 2005, when the episode was filmed, the minimum wage was $5.15 per hour. He started off with one week worth minimum wage ($300).
Raising The Minimum Wage Research Paper
1015 Words | 5 PagesSome proponents of raising the minimum wage argue that the current minimum wage, currently $2.13 for tipped employees and $9 for tipped employees, is not a living wage. According to University of California Davis, minimum wage workers make around $15,000 a year after taxes. On the surface, this does seem like a terribly low number.
Minimum Wage In Texas
1993 Words | 8 PagesA majority of states customarily have a minimum wage of $10.00 or even more. With a wage of $7.25 it is genuinely arduous to make a living in the state of Texas unless an individual works a numerous amount of hours for such minute pay. Business like Walmart have taken matters
Minimum Wage Abolishment
370 Words | 2 PagesThe Minimum wage was inserted into law to counteract working forty plus hours a week and child labor. In today’s times the only thing minimum wage is doing is hurting young workers to get a job and keeping smaller business from growing. With the minimum wage in place it doesn’t guarantee a living, it guarantees
Minimum Wage Observation Paper
537 Words | 3 PagesMinimum wage is the lowest hourly wage that a state is legally required to pay a worker. Supporters of minimum wage believe that it guarantees the workers the ability to provide for themselves and for others. Minimum wage jobs are front desk workers on college campuses, a restaurant hostess, fast food workers, or even a cashier at a grocery store. In the United States, the minimum wage has risen from $1.00 in 1960 to $7.25 in 2015. I viewed two different locations, both of which being Chick-fil-A restaurants.
Should Minimum Wage Be Raised
346 Words | 2 PagesWhy not give the people more ? Minimum wage is a constant conversation in America. The current state of this controversial conversion in America is raising the current minimum wage, which are 7.25. As of today, 1.7 million Americans are living off minimum wage every year. These people are all living under the poverty line.
Essay On Raising The Federal Minimum Wage
733 Words | 3 PagesShould the Federal Minimum Wage be Increased? Have you ever thought that you wanted a raise at work but did not have reasons? In this essay you can give your boss these reasons and get more money. The minimum wage in 2012 was $7.25. The minimum wage is a large-scale reason of poverty.
Minimum Wage Sociology
1153 Words | 5 PagesIntroduction More numbers of state are joining to take action to raise the minimum wage to $15 per hour in a few years even though there is a high disputing controversial all over the nation. The federal has set the minimum wage level to $7.25 on Jan. 1, 2015. In less than a year the index number of the minimum wage is going up automatically with cost of living. And eventually it will be likely to increase year by year with automatic and expectation index.
Exploratory Minimum Wage
473 Words | 2 PagesWhat is minimum wage and why is it important? It is self-explanatory; it is the minimum amount that a worker can be paid for an hour of work. It is important as it is the building block of someone’s career. The federal minimum wage is $7.25 an hour. There are also state minimum wages that differ from this but almost all of them are near the federal amount.
Pros And Cons Of Minimum Wage In Virginia
1721 Words | 7 Pages“President Roosevelt signed the Fair Labor Standards Act (FLSA) into law in early 1938. The FLSA introduced sweeping regulations to protect American workers from being exploited, and created a mandatory federal minimum wage of 25 cents an hour in order to maintain a "minimum standard of living necessary for health, efficiency and general well-being, without substantially curtailing employment" (Minimum Wage, 2017). Virginia’s minimum wage policy has always been aligned with the federal guidelines for wages. The last increase in the minimum wage policy was in
Essay On Federal Minimum Wage
670 Words | 3 PagesShould Federal Minimum Wage be $15 an hour? The Fair Labor Standards Act of 1938 states that workers will be given a livable wage. By definition, a living wage is the minimum income necessary for a worker to meet basic needs. In the words of congress, it is “the minimum standard of living necessary for health, efficiency, and general well-being.”
Increase Minimum Wage Essay
607 Words | 3 PagesThere are a lot of potential benefits for an increase in minimum wage and on the surface it’s hard to see why you wouldn’t want to increase the wage. One of the clearest to see is that an increase to the minimum wage will also increase the spending for each household during the following years. So it works to help stimulate the economy in whatever area you increase the minimum wage. Along those same lines increasing the minimum wage will lead to a decrease in poverty as well. With the decrease in poverty you will also see a decrease in government spending on welfare items because the individuals receiving the higher wage in theory will be able to pay for these services/welfare items without assistance.
Essay On Should Minimum Wage Be Abolished
1130 Words | 5 PagesMinimum wage was first established in 1938 by Franklin Delano Roosevelt, in an attempt to stimulate economic growth and create a better standard of living for the lower class. This attempt was fairly successful, but also has many consequences. You may be asking yourself, “how on Earth could setting a limit on how little you can pay someone be bad?” On the surface this statement seems logical, but if we delve deeper we begin to see many negative effects on the implementation of minimum wage. In our nation the minimum wage law almost seems out of place, like it doesn’t quite fit in.
More about Minimum Wage Laws
Pro Minimum Wage Essay
861 Words | 4 PagesIs It Ethical To Raise Minimum Wage
321 Words | 2 PagesLiving On Minimum Wage Analysis
495 Words | 2 PagesRaising The Minimum Wage Research Paper
1015 Words | 5 PagesMinimum Wage In Texas
1993 Words | 8 PagesMinimum Wage Abolishment
370 Words | 2 PagesMinimum Wage Observation Paper
537 Words | 3 PagesShould Minimum Wage Be Raised
346 Words | 2 PagesEssay On Raising The Federal Minimum Wage
733 Words | 3 PagesMinimum Wage Sociology
1153 Words | 5 PagesExploratory Minimum Wage
473 Words | 2 PagesPros And Cons Of Minimum Wage In Virginia
1721 Words | 7 PagesEssay On Federal Minimum Wage
670 Words | 3 PagesIncrease Minimum Wage Essay
607 Words | 3 PagesEssay On Should Minimum Wage Be Abolished
1130 Words | 5 Pages