Minimum Wage

Minimum Wage

 The minimum wage became an indelible aspect of the American policy landscape in 1938, with the passage of the Fair Labor Standards Act (FLSA). The minimum wage is the lowest amount an employer can pay a worker for her services. The federal minimum wage is set (or not) by Congress, although states, counties, and municipalities can set a higher (but not a lower) minimum wage than that mandated by the federal goverment.

Cry Wolf Quotes

Under these inflationary pressures many of the industries and small businesses employing marginally trained or unskilled workers will be forced to cut back on the number of those employees or go out of business. The very worker that the Federal minimum wage was intended to aid will find himself out of work.

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Mickey Edwards (R-OK), Congressional Record.
04/26/1977 | Full Details | Law(s): Minimum Wage

Minimum wage laws may very well be the most anti-poor laws envisioned by modern government policymakers.

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LaFaive, Michael D., Mackinac Center for Public Policy.
11/01/1997 | Full Details | Law(s): Minimum Wage

If raising the minimum wage to $12 or $15 per hour will raise the standard of living for the working poor, why stop there? Why not raise the standard of living for the middle class as well by increasing the minimum wage to, say, $25 an hour? If we raised it to $100 an hour, we could have the best standard of living in history!

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Summers, Adam, Orange County Register.
08/18/2003 | Full Details | Law(s): Minimum Wage

A closer look at the unemployment [nearly 10 percent unemployment rate] suggests that minimum wage laws also deserve a big share of the blame….businesses are not charities and that they only create jobs when they think a worker will generate net revenue. Higher minimum wages, needless to say, are especially destructive for people with poor work skills and limited work experience.

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Dan Mitchell, senior fellow, Cato Institute.
06/15/2010 | Full Details | Law(s): Minimum Wage

Evidence

Backgrounders & Briefs

Minimum Wage Policy Brief

By Professor Stephanie Luce

The idea of minimum wage laws has been around for more than a century. They are still a good idea.

Resources

Raise the Minimum Wage is a project of the National Employment Law Project. The effort is devoted to preserving the wage floor by raising the federal minimum wage.