Fair Labor Act http://wesa.fm en Trying to Live on the Minimum Wage http://wesa.fm/post/trying-live-minimum-wage <p>Originally meant to protect American workers from being exploited, the Fair Labor Standards Act was enacted in 1938 and set mandatory federal minimum wages at 25 cents per hour.&nbsp; In the years following, congress and the President acted to raise minimum wage to keep up with inflation and productivity. Around the 1980’s, it became much more difficult to get a labor wage bill out of congress and the term “living wage” circulates to replace the widely criticized minimum wage.&nbsp; <a href="http://www.post-gazette.com/stories/business/news/pittsburgh-workers-protest-for-higher-wages-696763/">Many protesters</a> and researchers find that the minimum wage does not reflect the actual cost of living and no longer keeps pace with the country’s economic growth. Labor Economist <strong>Mark Price</strong> of the <a href="http://keystoneresearch.org">Keystone Research Center</a> in Harrisburg shares his statistical findings and suggestions for improvement.</p><p> Mon, 05 Aug 2013 20:57:35 +0000 Katherine Blackley 14320 at http://wesa.fm Trying to Live on the Minimum Wage