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Who is responsible for the minimum wage and unemployment in US?
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∙ 12y ago
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What was minimum wage 1953?
In the US, the 1953 minimum wage was $0.75.
What is the minimum wage in US 2007?
minimum wage differs from states to states... there are even some that have NO minimum wage whatsoever.
What was the US minimum wage in 1900?
The first US minimum wage law was not enacted until 1938. The 1938 Act was applicable generally to employees engaged in interstate commerce or in the production of goods for interstate commerce and was set at $.25 an hour.
What is the minimum wage of the US?
The federal minimum wage is $7.25 an hour as of 6/9/2010
When was minimum wage established in the us?
Franklin D. Roosevelt established minimum wage.
Is the minimum wage the same as living wage in the US?
noo
Which political party gave us unemployment?
It is the policies of a government in general that exacerbate unemployment, not any particular party. When you over-regulate, over-tax, inflate the currency, selectively enforce the law, bail out some but not others, etc., this will cause dislocations in the market leading to failed enterprises, curtailed growth, and unemployment. When you further mandate a minimum wage, that also causes unemployment. As both parties do these things, they are both responsible.
Is minimum wage federal?
Yes in some countries, no in others. The US has a federal minimum wage. Canada does not.
What is the minimum wage in the US?
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WHAT ARE your thoughts about minimum wage legislation?
All economists agree that min wage laws assure youth unemployment, low-skill worker unemployment, and thus young black and Hispanic unemployment. Yoots who WOULD get hired at wage rates lower than the min wage, are not worth hiring at the mandatory floor rate, so employers insist on skill or experience at min wage jobs. I also think min wage no big deal, since only 1 million US workers in an employed workforce of 140 million earn min wage.
What was the minimum wage in 1991 in US?
$4.25
How much was minimum wage in 1950?
From 1 Jan to 24 Jan, the minimum wage in 1950 was $0.75. From 25 Jan and forward, the minimum wage was $1.00.(source: US Department of Labor)
