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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
Congress instituted the minimum wage in 1938 as part of the Fair Labor Standards Act (FLSA). The first minimum wage stood at 25 cents an hour. The last minimum wage increase occurred in 2007, when Congress raised the rate in steps from $5.15 an hour that year to $7.25 an hour in July 2009.