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Minimum Wage PPT

Minimum Wage PPT - Should the minimum wage be raised to at...

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Should the minimum wage be raised to at least $10 per hour?
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History: Fair Labor Standards Act o Federal minimum wage was first set by the Fair Labor Standards Act (FLSA), which was signed into law by Franklin D. Roosevelt in 1938. o Regulates overtime pay, youth employment, & recordkeeping provision o Makes exemptions for student workers, some disabled workers, & strange exceptions for “people working on foreign vessels, fishermen, farm workers on small farms, & newspaper deliverymen.” o All regular increases to minimum wage rates must be approved by Congress o Federal minimum wage laws are enforced by the Wage & Hour Division (WHD) of the Department of Labor.
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State breakdown of minimum wage o 21 states & DC have minimum wages higher than the federal minimum wage of $7.25 per hour § Washington has the highest minimum wage at $9.32 per hour o 4 states have minimum wages lower than the federal standard § Georgia & Wyoming are tied for the lowest minimum wage at $5.15 per hour
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Poverty line defined “[T]he Census Bureau uses a set of money income thresholds that vary by family size & composition [age] to determine who is in poverty. If a family's total income is less than the family's threshold, then that family & every individual in it is considered in poverty. The official poverty thresholds do not vary geographically, but they are updated [annually] for inflation using Consumer Price Index. The official poverty definition uses money income before taxes & does not include capital gains or noncash benefits (such as public housing, Medicaid, and food stamps).”
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