Minimum Wage

Topics: Minimum wage, Wage, United States Pages: 3 (1035 words) Published: February 11, 2007
Minimum Wage

A high school student that has a job or is thinking about getting a job knows what minimum wage is because they know how little it is. Minimum wage is a set p/hr earnings an employer must pay his or her employees. Oregon is one of eighteen states in the U.S. that has set a higher minimum wage then the federal law of only $5.15 per/hr. For many years there has been a debate on weather or not highirng the minimum wage helps or hurts the economy, in most states with a higher minimum wage it has shown an increase in that states economy.

When Bill Clinton was in office he gave the states the power to set their own minimum wages above the federal level. One reason why he chose to do this is because it would allow states to change according to what fit their needs the best. A living wage is how well a person can perform a standard of living. That of course depends on where you live and the different types you fall under.

You may think how does the minimum wage affect our economy. Dose it help or not. Economists recently signed a statement stating that federal and state minimum wage increases "can significantly improve the lives of low-income workers and their families, without the adverse effects that critics have claimed" (LEG 2005). Even the research that suggests a negative labor market effect shows only a minimal impact that is more than offset by the higher wage levels. The states that have adopted higher-than-federal minimum wages have seen low-wage workers' incomes rise with no negative side-effects. If the minimum wage were increased nationally to $7.25 13.6 million workers Would receive a raise, 80% of those affected are adults age 20 or over, and 7.3 million children would see their parent's income rise. The first attempt at establishing a minimum wage in the United States came in 1933, when a $.25-per-hour standard was set into the NIR. However, in 1935 Schechter Poultry Corp. v. United States ruled that the minimum...
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