The Fair Labor Standards Act of 1938 (FLSA) set $0.25/Hour in 1938.
Minimum Wage: What’s the history?
“Higher minimum wages both reduce overall employment and encourage relatively affluent workers to enter the labor force. Minimum wage increases often lead to employers replacing disadvantaged adults who need a job with suburban teenagers who do not.” – James Sherk, Research Fellow, Labor Economics at The Heritage Foundation
Fact: The FLSA was anything but ‘fair’ because it did not apply to all hourly workers, farm workers, for example.
Fact: Many types of employment today are not covered by the FLSA or any of its subsequent derivatives. Current and past minimum wage laws do not apply to many jobs in America, waiters, for example. Learn more from the Dept. of Labor.
We as a nation have come to a place in history, a point in time, where the federal budget can no longer sustain massive socialistic spending as national debt approaches $20 TRILLION.
Neither your household or business can long remain financially viable if spending outstrips income. It’s truly not rocket science.
If a prospective homebuyer were to apply for a mortgage with his or her credit score near or below zero, you know the obvious outcome. Don’t you? Right. That loan application would be immediately denied. Is this not the situation with the Federal government?
What to do?
- Choose to be realistic
- Tell Congress to balance the budget
- When the Convention of States convenes, tell your COS representative you want a balanced budget amendment.