The U.S. Minimum Wage: Issues and Potential Effects of an Increase

$58.00

Joel Biondi (Editor)

Series: Economic Issues, Problems and Perspectives
BISAC: LAW054000

The Fair Labor Standards Act (FLSA) of 1938 established the hourly minimum wage rate at 25 cents for covered workers. Since then, it has been raised 22 separate times, in part to keep up with rising prices. The minimum wage is not indexed to the price level. It has been legislatively increased from time to time to make up for the loss in its real value caused by inflation.

This book discusses the federal minimum wage; inflation and the effect it has on minimum wage; the effects on employment and family income of an increase of minimum-wage; and the Fair Labor Standards Act (FLSA), which is the federal legislation that establishes the minimum hourly wage that must be paid to all covered workers. (Imprint: Novinka )

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Table of Contents

Preface

Chapter 1. The Federal Minimum Wage: In Brief
David H. Bradley

Chapter 2. Inflation and the Real Minimum Wage: A Fact Sheet
Craig K. Elwell

Chapter 3. The Effects of a Minimum-Wage Increase on Employment and Family Income
Nabeel Alsalam, William Carrington, Molly Dahl and Justin Falk

Chapter 4. The Fair Labor Standards Act (FLSA): An Overview
Gerald Mayer, Benjamin Collins and David H. Bradley

Index

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