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By: Rakeem Blackburn
Key Terms:
Minimum Wage
Living Wage
• Current minimum wage is $7.25 per hour
• Equates to about $15,000 per year
President Roosevelt’s Fair Labor Standards Act of 1938
According to the United States Department of Labor
It banned oppressive child labor
Set the minimum hourly wage to 25 cents
Set the maximum workweek at 44 hour
The original 25 cents was unadjusted for inflation
Key Minimum Wage’s in the last 5 decades
1960- $1.00
1970- $1.60
1980- $3.10
1990- $3.80
2000- $5.15
2010- $7.25
Obama's campaign to boost the wage floor to $9/hr
NY approved 3 year increase to $9/ hr State of the Union 2013