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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 minimum wage is currently $7.25 per hour for covered nonexempt employees, effective July 24, 2009. Learn more about the minimum wage in the Fair Labor Standards Act (FLSA). Many states and cities also have minimum wage laws. Where federal and state laws have different minimum wage rates, the higher wage applies.