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the minimum wage was pushed by three factions each had their distinct purpose although there was quite a bit of overlap among them the first faction consisted of progressives who believed that a minimum wage would raise the living standards of the poorest americans this group was the most economically naive
The FLSA establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $7.25 per hour effective July 24, 2009. FLSA Minimum Wage: The federal minimum wage is $7.25 per hour effective July 24, 2009. 2  Many states also have minimum wage laws. 3  In cases where an employee is subject to both state and federal minimum wage laws, the employee is entitled to the higher minimum wage.