09 May 2012

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USA History of Minimum Wages Per hour does wages increase compared to price rise of other things



USA History of Minimum Wages Per hour does wages increase compared to price  rise of other things

President Roosevelt signed the Fair Labor Standards Act (FLSA) into law in early 1938.



The Fair Labor Standards Act was passed in 1938, with a 25-cent-per-hour wage floor and a 44-hour workweek ceiling for most employees.
It also banned child labor.

Year wise Minimum wages

1.Oct 24, 1938 - $0.25

2.Oct 24, 1939-$0.30

3.Oct 24, 1945-$0.40

4.Jan 25, 1950-$0.75

5.    Mar 1, 1956-$1.00

6.Sep 3, 1961-$1.15

7. Sep 3, 1963-$1.25

8.Feb 1, 1967-$1.40

9.Feb 1, 1968- $1.60

10.May 1, 1974 -$2.00

11.Jan. 1, 1975 - $2.10

12.Jan 1, 1976 - $2.30

13.Jan 1, 1978 -$2.65 for all covered, nonexempt workers

14.Jan 1, 1979 - $2.90 for all covered, nonexempt workers

15.Jan 1, 1980 - $3.10 for all covered, nonexempt workers

16.Jan 1, 1981 - $3.35 for all covered, nonexempt workers

17.Apr 1, 1990 - $3.80 for all covered, nonexempt workers

18.Apr 1, 1991 - $4.25 for all covered, nonexempt workers

19.Oct 1, 1996  - $4.75 for all covered, nonexempt workers

20.Sep 1, 1997 - $5.15 for all covered, nonexempt workers

21.Jul 24, 2007 - $5.85 for all covered, nonexempt workers

22.Jul 24, 2008 - $6.55 for all covered, nonexempt workers

23.Jul 24, 2009 - $7.25 for all covered, nonexempt workers

The July 24, 2009 increase was the last of three steps of the Fair Minimum Wage Act of 2007.
As of January 1, 2012, the federal minimum wage in the United States is $7.25 per hour

Congress then gave states the power to set their minimum wages above the federal level.

Many states have departed from the federal minimum wage.
Washington's minimum wage is highest, advancing to $9.04, January 1, 2012.
Oregon's minimum wage is $8.80;
Connecticut, District of Columbia, Illinois, and Nevada are $8.25;
Vermont is $8.15;
California and Massachusetts currently have minimum wages of $8.00.

In USA few states have linked the minimum wage to the Consumer Price Index, thereby increasing the wage automatically each year based on increases to the Consumer Price Index. So far, Ohio, Oregon, Missouri, Vermont and Washington have linked their minimum wages to the consumer price index.

Minimum wage indexing also takes place each year in Florida, San Francisco, California, and Santa Fe, New Mexico.

In which type of Jobs or service employee gets a minimum wage per hour?

1.    Food Preparation and Serving Related Occupations

2.Farming, Fishing, and Forestry Occupations

3.Personal Care and Service Occupations

4.Building and Grounds Cleaning and Maintenance Occupations

5.    Gaming Dealers

6.Waiters and Waitresses

7.    Combined Food Preparation and Serving Workers, Including Fast Food

8.Dining Room and Cafeteria Attendants and Bartender Helpers

9.Cooks, Fast Food

10.Dishwashers

11.Ushers, Lobby Attendants, and Ticket Takers

12.Counter Attendants, Cafeteria, Food Concession, and Coffee Shop

13.Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop

14.Shampooers

15.Amusement and Recreation Attendants

16.Bartenders

17.Farmworkers and Laborers, Crop, Nursery, and Greenhouse

Below you can see the prices kept rising but minimum wages did not rise in that ratio.

Year 1950
Minimum wage: $0.75 per hour
Gas: $0.30
Movie ticket: $0.50
Monthly Rent: $42

Year 1960 –
Minimum wage: $1 per hour
Gas: $0.31
Movie ticket: $0.70
Monthly Rent: $71

Year 1970 –
Minimum wage: $1.60 per hour
Gas: $0.40
Movie ticket: $1.55
Monthly Rent: $108

Year 1980
Minimum wage: $3.10 per hour
Gas: $1.25
Movie ticket: $2.60
Monthly Rent: $243

Year 1990
Minimum wage: $3.80 per hour
Gas: $1.13
Movie ticket: $4.25
Monthly Rent: $447

Year 2000
Minimum wage: $5.15 per hour
Gas: $1.50
Movie ticket: $5.40
Rent: $602

Year 2010
Minimum wage: $7.25 per hour
Gas: $2.78
Movie ticket: $7.95
Rent: $789

Year 2012 –
Minimum per hour - $7.25 per hour

Currently American minimum wages are not realistic and are only good for single person that is single female or single male and not the family.

What is the situation of minimum wage in India?
Very few people follow them; even many times government also pays to workers below the set standards of minimum wages.


Reality views by sm –

Wednesday, May 09, 2012

Tags – USA Minimum Wage History