Background of the Issue: “Should the Federal Minimum Wage Be Increased?”.
Reading an article from the materials to rewrite, summarize, analyze, etc. using economic terms, models and principles from the text book Mcconnell Brue Flynn Microeconomics 21st edition
The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. [7] 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. [85] 2,561,000 workers (or 3.3% of the hourly paid working population) earn the federal minimum wage or below.
Background of the Issue: “Should the Federal Minimum Wage Be Increased?”