Obama and harkin differ on the specifics — the president had asked for a $9 minimum wage, while harkin has joined with rep george miller (d-calif) to call for $1010 but both are united in their belief that a higher minimum wage can reduce poverty without reducing employment they’re wrong on both counts. The debate over raising the minimum wage has been a hot topic after president obama explained in his 2014 state of the union address that he intends to raise the minimum wage from $725 to $1010 per hour, an increase of over 40 percent. In france, for instance, the national minimum wage (close to 1,500 euros per month) is equal to about 61 percent of the medium national median wage in australia it's 54 percent in canada it's 46 percent in the united states, by contrast, the federal minimum wage works out to just 35 percent of the national median wage, the lowest in the oecd.
Source biographies footnotes & sources 2016 presidential candidates' positions on increasing the federal minimum wage issues we cover most popular outsourcing, or moving actual production outside the united states if the minimum wage were does lowering the corporate income tax rate increase jobs minimum wage levels by state our. The federal minimum wage for covered nonexempt employees is $725 per hour effective july 24, 2009 the federal minimum wage provisions are contained in the fair labor standards act (flsa) many states also have minimum wage laws. The national industrial recovery act (nira), passed by congress and signed by president roosevelt in 1933, was the first piece of legislation that attempted to establish a federal minimum wage however, the nira was declared unconstitutional by the supreme court in 1935 in ala schechter poultry corp et al v united states, as it was deemed an unconstitutional delegation of legislative power.
Minimum wage increases for 18 states in 2018 money while the federal minimum wage remains at $725 per hour, some states have opted to increase it to more than $10. Although raising the minimum wage will not kill jobs, it is not the most effective way to combat poverty or raise the standard of living for all americans the truth about the minimum wage neither job killer nor cure-all by alan manning about the author: i t has been more than eight years since many of the united states’ cashiers. In the united states, by contrast, the federal minimum wage works out to just 35 percent of the national median wage, the lowest in the oecd the economic policy institute's david cooper has argued that the international comparison above demonstrates there's plenty of room for congress to raise the us minimum wage. 29 of these states plus dc had minimum wages higher than that of the federal minimum wage of $725 an hour - the highest being dc at $1250 an hour [ 85 ] when a state minimum wage is set at a higher rate than the federal minimum wage, the highest rate prevails 14 states set their minimum wage in line with the federal minimum wage and two states – georgia and wyoming – set their rates lower at $515 an hour.
Since the fair minimum wage act of 2007 raised the federal minimum wage to $725 an hour starting in 2009, there have been numerous unsuccessful attempts by congress to raise the wage further the two main efforts are the harkin-miller proposal to raise the wage to $1010 and the living wage movement to raise the wage to $15. This minimum wage increase would be larger than any other increase that has been enacted in the united states in addition to the larger breadth of affected workers, the potential increase in wages for those workers would be larger than any previous increase. 1 american samoa: the fair minimum wage act of 2007 (public law 110-28) sets minimum wage rates within american samoa and provides for additional increases in the minimum wage of $050 per hour each year on may 25, until reaching the minimum wage generally applicable in the united states the wage rates are set for particular industries, not. Minimum wages in the united states 2018, by state ranking of oecd countries by national minimum wage in 2015 real minimum wages in the united states 2000-2016.
Raising the minimum wage would increase economic activity and spur job growth the economic policy institute stated that a minimum wage increase from the current rate of $725 an hour to $1010 would inject $221 billion net into the economy and create about 85,000 new jobs over a three-year phase-in period. The table below reflects state and local (city or county) minimum wage levels on jan 1, 2018 when a state or local minimum wage is set at a higher rate than the federal minimum wage, the highest rate prevails. Minimum wage laws in the states use the legend on the left to highlight different mw categories, and click on any state to learn about applicable minimum wage laws. In 2018, the national minimum wage in united states remained fixed at 1,0478 € per month, that is 12,574 euros per year, taking into account 12 payments per year if we look at the minimum salary in united states dollars, which is the official currency in united states, we can see that, this year, it was 1,2567 united states dollars and accordingly, the national minimum wage has remained.
Supporters of the minimum wage increases applaud a speaker at the los angeles city council's economic development committee special hearing, may 2015 for the united states would build on the. The local aggregate effects of minimum wage increases the latest increase in 2009 going to $725 per hour state-level minimum wage increases have occurred with much greater frequency, especially quite recently, with 17 states raising minimum wages in 2016 and 19 states doing so in 2017 empirical literature has largely found that. In australia, which has a wage board-like system as well as collective bargaining, more than 60 percent of workers have their wages set by wage awards or collective agreements 25 further, wage growth for the majority of workers in australia has far surpassed that for workers in the united states over recent decades 26 experience with wage boards in us states shows how significant wage increases could be from a national wage board policy. Of the 11 states that currently tie increases to the cost of living, eight did not increase their minimum wage rates for 2016 colorado provided for an 8-cent increase and south dakota granted a 5-cent increase per hour.
In the united states, the minimum wage promulgated by the fair labor standards act of 1938 according to the economic policy institute, the minimum wage in the united states would have been $1828 in 2013 if the minimum wage had kept pace with labor productivity. As part of the fair labor standards act, the federal government initiated a national minimum wage in 1938, which has since been raised 22 times, the latest increase in 2009 going to $725 per hour. From 2017 to 2018, eight states increased their minimum wage levels through automatic adjustments, while increases in eleven other states occurred through referendum or legislative action   using 2018 inflation-adjusted dollars , the federal minimum wage peaked at $1177 per hour in 1968.
The minimum wage is a critical labor standard meant to ensure a fair wage for this country’s lowest paid workers epi researchers have examined how the minimum wage affects workers and the economy, who benefits from the minimum wage, and how the declining value of the federal minimum wage over time has contributed to the growth in us income inequality.