A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers.
The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). The federal minimum wage is $7.25 per hour effective July 24, 2009.
Many states also have minimum wage laws. Some state laws provide greater employee protections; employers must comply with both.
On October 24, 1938 it was $0.25, by 1975 it was $2.10, and in 1981 it reached $4.25 per hour. Today it is $7.25, and will soon reach $8.50.
which either way you look at it, it;s still peanuts.
The Part they don’t tell you is that while they increase the salary by 50-70cents,
the value of the dollar drops and prices increase at the same time.