Minimum Wage Facts?

Answer As of May 2010, the federal minimum wage is $7.25, which was set in July 2009 with a 70 cents increase from $6.55 minimum federal wage set in July 2008. A federal standard that dates back to 1938, ... Read More »

Top Q&A For: Minimum Wage Facts

What year did the federal minimum wage go into effect&how much was the minimum wage?

The United States has not always had a minimum-wage law. The federally mandated minimum-wage law began in 1938. It was enacted by the Franklin D. Roosevelt administration. At the time, the federall... Read More »

Living Wage Vs. Minimum Wage?

Many U.S. cities have adopted popular but controversial living wage ordinances which require certain companies and industries who receive government contracts or tax incentives to pay wages that ar... Read More »

Why was the minimum wage set?

When President Franklin D. Roosevelt signed the Fair Labor Standards Act (FLSA) into law in June 1938, he put the principle of a federal minimum wage into action. The minimum wage was intended to p... Read More »

How to Budget on Minimum Wage?

Setting a budget is tough enough under the best of circumstances, but it's even more difficult when you're living on minimum wage. But that's when you really need to make a budget. When resources a... Read More »