In 1938 when the Fair Labor Standards Act (FLSA) was passed, a federal minimum wage was set
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Question:
In 1938 when the Fair Labor Standards Act (FLSA) was passed, a federal minimum wage was set at $0.25/hour. If you consider for inflation, that would be a rate of $4.66 per hour in 2021. The current federal minimum wage is $7.25. Below you will see a chart that lists the history of adjustments to the minimum wage under FLSA.
In this week's discussion answer the following:
- 1. Do you believe $7.25/hour is an appropriate federal minimum wage? Why or why not?
- 1. What factors should be considered in setting the the minimum wage?
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
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