minimum wage in the united states
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Minimum Wage in the United StatesTRANSCRIPT
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Karin N. Jones
Community Development Volunteer
Peace Corps Ukraine
Minimum Wage in the United States
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Introduction Initial attempts to establish a minimum wage
Introduced in 1938 by President Roosevelt
Why is it needed?
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The Fair Labor Standards Act What is it?
What does it do?
Protect American works from exploitation
Create mandatory federal minimum wage
Incorporates worker’s protection laws
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Minimum Wage Exceptions Workers with disabilities
Full-time students
Youth under age 20
Tipped employees
Student learners
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Who Must Pay Minimum Wage?
Covered enterprises
More than $500,000 in business per year;
Operate a hospital, home for aged, disabled, or mentally ill;
Schools; or
Activity of a public agency.
Other people covered by the FLSA
Engaged in interstate commerce
Domestic services
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Minimum Wage in the U.S.
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Minimum Wage History
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Minimum Wage Purchasing Power
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Real Value of Minimum Wage
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Can You Live on Minimum Wage?
Assume
Earn minimum wage
Working 2000 hours per year
Tax deduction of $5,450
Income tax rate of 10%
Rent of $500/month
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Minimum Wage and Poverty
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Who Earns Minimum Wage?
Young (under 25)
Women
Less educated
Part-time
Industries Leisure and hospitality
States with highest proportion Texas
Alabama
West Virginia
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US versus EU Minimum Wage