What Is National Minimum Wage? Understanding the national minimum wage is essential for both workers and employers. In this informative video, we will provide a clear overview of the national minimum wage, its history, and its significance in the labor market. We will discuss the federal minimum wage rate, which has been set at $7.25 per hour since July 2009, and how this rate interacts with state and local minimum wages.
You will learn about the origins of the minimum wage in the United States, including the Fair Labor Standards Act of 1938, which established the first federal minimum wage. We will highlight the adjustments made over the years to keep pace with inflation and changing economic conditions. Additionally, we will cover the role of states in setting their minimum wages and how this reflects local economic realities.
This video will also address the purpose of the minimum wage, including its impact on reducing poverty and addressing wage disparities. We will clarify what constitutes a minimum wage, including various payment structures and calculations for different types of workers.
Join us for this informative discussion, and subscribe to our channel for more engaging content on U.S. government offices and services.
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