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. 1. Do you believe $7.25/hour is an appropriate federal minimum wage? Why or why not?

Image transcription text

Minimum Wage History Effective Date Minimum Wage/Hour July 24, 2009 $7.25 July 24, 2008 $6.55 July 24, 2007 $5.85 September 1997 $5.15 October 1996 $4.75 April 1991 $4.25 April 1990 $3.80 January 1981 $3.35 January 1980 $3.10 January 1979 $2.90 January 1978 $2.65 January 1976 $2.30 January 1975 $2.10 May 1974 $2.00 February 1968 $1.60 February 1967 $1.40 September 1963 $1.25 September 1961 $1.15 March 1956 $1.00 January 1950 $0.75 October 1945 $0.40 October 1939 $0.30 October 1938 $0.25 

1. 1. What factors should be considered in setting the the minimum wage?

Transcribed Image Text:

Minimum Wage History Effective Date July 24, 2009 July 24, 2008 July 24, 2007 September 1997 October 1996 April 1991 April 1990 January 1981 January 1980 January 1979 January 1978 January 1976 January 1975 May 1974 February 1968 February 1967 September 1963 September 1961 March 1956 January 1950 October 1945 October 1939 October 1938 Minimum Wage/Hour $7.25 $6.55 $5.85 $5.15 $4.75 $4.25 $3.80 $3.35 $3.10 $2.90 $2.65 $2.30 $2.10 $2.00 $1.60 $1.40 $1.25 $1.15 $1.00 $0.75 $0.40 $0.30 $0.25 Minimum Wage History Effective Date July 24, 2009 July 24, 2008 July 24, 2007 September 1997 October 1996 April 1991 April 1990 January 1981 January 1980 January 1979 January 1978 January 1976 January 1975 May 1974 February 1968 February 1967 September 1963 September 1961 March 1956 January 1950 October 1945 October 1939 October 1938 Minimum Wage/Hour $7.25 $6.55 $5.85 $5.15 $4.75 $4.25 $3.80 $3.35 $3.10 $2.90 $2.65 $2.30 $2.10 $2.00 $1.60 $1.40 $1.25 $1.15 $1.00 $0.75 $0.40 $0.30 $0.25