The Federal Minimum Wage Should Be Legal - 2004 Words

Presently, the citizens of the United States of America are involved in an impassioned debate over the federal minimum wage. As of October 5, 2016, the federal minimum wage is set at seven dollars and twenty-five cents an hour. There are numerous amounts of stakeholders when it comes to minimum wage. The three stakeholders mentioned in this essay will be Companies, Employees, and the Economy. In addition to the stakeholders, this essay will also dig into the history of the United States Federal Minimum Wage and see how it has progressed over the years and if it kept up with inflation over the years. With this information, society will see what an increase to the federal minimum wage will have on the United States economy and labor force. The history of the Federal minimum wage dates to 1938 when then President Franklin Delano Roosevelt signed â€Å"the Fair Labor Standards Act (FLSA)† into law (History of Minimum Wage). Franklin Delano Roosevelt signing the FLSA into law made sure that no American could be paid less than the federal minimum wage. The initial minimum wage was set at twenty-five cents an hour back in 1938. However, prior to Franklin Delano Roosevelt signing the Fair Labor Standards Act into law there was not any â€Å"national minimum wage, or†¦legislation to protect workers from exploitation. [Due to] lack of regulation tens of thousands of workers were routinely exploited in sweatshops and factories†¦for pennies a week† (Minimum-Wage.org). Which made covering day to dayShow MoreRelatedThe Framers Of The Constitution930 Words   |  4 Pagesrequires the process to be â€Å"prescribed by law† in times of war. (Legal Information Institute) A third example of the use of im plied power is the Minimum Wage, this being also a â€Å"necessary and proper† action in order to regulate the trade. A minimum wage is the lowest remuneration that employers may legally pay to workers. 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