The federal minimum wage is a body of law that prohibits employers from hiring employees for less than the given hour or monthly minimum wage. The first federal minimum wage was signed into law by President Franklin Roosevelt in 1938.
The main purpose of the creation of the federal minimum wage was to keep the American workers out of poverty level and increase the consumer purchasing power that will in turn stimulate the economy of the country. The current federal minimum wage is $7.25 an hour. Continue reading The Federal Minimum Wage Debate