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The bill would have amended the Fair Labor Standards Act of 1938 (FLSA) to increase the federal minimum wage for employees to $10.10 per hour over the course of a two-year period. [78] The bill was strongly supported by President Barack Obama and many of the Democratic senators, but strongly opposed by Republicans in the Senate and House.
Starting July 1, employers of all sizes will be required pay overtime — time and a half salary after 40 hours a week — to salaried workers who make less than $43,888 a year in certain ...
The Wage and Hour Division was created with the enactment of the Fair Labor Standards Act (FLSA) of 1938. The Division is responsible for the administration and enforcement of a wide range of laws which collectively cover virtually all private and State and local government employment.
For example, according to a 2019-20 annual report from the Waterfront Commission of New York Harbor, about one-third of local longshoremen made $200,000 or more a year. A more typical longshoreman's salary can exceed $100,000, but not without logging substantial overtime hours.
The Fair Labor Standards Act of 1938 requires a federal minimum wage, currently $7.25 but higher in 29 states and D.C., and discourages working weeks over 40 hours through time-and-a-half overtime pay. There are no federal laws, and few state laws, requiring paid holidays or paid family leave.
The one thing you can count on with Social Security is that something will change every year -- and just about every working or retired American will feel the impact. That will be the case in 2024,...
The Wages and Hours (later Fair Labor Standards) Act is passed, banning child labor and setting the 40-hour work week. [40] The Act went into effect in October 1940, and was upheld in the Supreme Court on 3 February 1941. 1939 (United States) Chrysler Auto Strike occurred. [40] Flint Sit-Down Strike window 1939 (United States)
In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars). Its purchasing power peaked in 1968 at $1.60 ($13.46 in 2022 dollars). [1] The Fair Minimum Wage Act of 2007 has set the minimum wage at $7.25 per hour since 2009. The real value of the federal minimum wage in 2022 dollars has decreased by 46% since ...