I have some
information about the federal minimum wage and the different minimum wage rate
for each state in the United States as in the year of 2014. The federal minimum
wage as in now is $7.25 per hour. There are states that have a higher and lower
minimum wage pay. The states that have a higher minimum wage rate then the
federal rate, then the workers get paid a higher rate. If the employee was
subjected to both federal and state minimum wage, then the employer would get
paid the higher minimum wage rate. There are also employees that get paid lower
than the minimum wage. Those employees are to get paid at a sub-minimum wage.
The sub-minimum wage is a legally paid rate according to the Fair Labor Standers
Act. The people that usually get paid at
the sub-minimum rate are student’s learners, full time students working in
retail, agriculture, service, and or higher education. There are also other
employees that full under the sub-minimum wage witch include those who have
mental or physical disability due to their age, injury, and etc.
The reason why minimum wage can be a big problem is if the Government raises the minimum wage then the products would raise in price too. That is why people are arguing and having a problem with minimum wage. It would help if they raised the minimum wage and the prices of products would stay the same price. If the minimum wage was to raise then many then there would be many people losing their jobs. A study from July 2007 to July 2009 showed that the minimum wage increased by 40 percent. In those two years that the Ball State University studied the increase of minimum wage they found that there were 550,000 had fewer part time jobs due to the increase of minimum wage. Study show that for every 10 percent increase to the minimum wage every teenager that works at a small business is estimated to decrease by 4.6 to 9.0 percent. According to the U.S. Census only 16.5 percent of minimum wage that are raising a family on the minimum wage. The remaining 83.5 percent are teenagers living with working with their parents, adults living alone, or dual-earner married couple.
The average annual family income of the people earning the minimum wage in 2009 is over $48,000. For every 10 percent increase in the minimum wage is estimated that every employment may fall as much as 6.6 percent for young black and Hispanic teens ages 16 to 19. This topic relates to the topics in the unit because minimum is a big problem around the United States. The minimum wage is a hazard to the United States because many things can go wrong if the minimum wage goes up or down. It can cause many families to lose their jobs, homes, food on the table, and many more things.Minimum wage is a very good strategy to reduce inequality and balance the economy out. Across t
he United States a higher minimum wage has come to be seen by several because it is a way to reduce poverty and increase with potential affects.
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