WHAT YEAR ARE WE IN
A socioeconomic lesson for the present
1938 FLSA
 Fair Labor Standards Act
1. Banned oppressive child labor
2. Set the minimum hourly wage at 25 cents
3. Set th...
F.D.R.
“Do not let any calamity-howling executive with an income of $1,000
a day, ...tell you...that a wage of $11 a week ...
WEALTH DISTRIBUTION
I couldn‟t have said it better
MINIMUM WAGE
Pros
 Raising minimum wage is a critical priority for accelerating
economic recovery
 Raising the minimum w...
MINIMUM WAGE
Pros (cont..)
 Higher wages also benefit businesses by boosting employee
productivity, retention and custome...
MINIMUM WAGE
Cons
 A 10 percent hike in the minimum wage causes a 2.5 percent drop
in employment among young white men wi...
MINIMUM WAGE
Cons (Cont.)
 The typical minimum-wage employee is young, with few skills and
little or no job experience. H...
PRODUCTION
DISTRIBUTION
CONTRIBUTIONS
PROFITABILITY
91% AGREE INSTICTIVELY
 Minimum wage should be increased and then indexed to inflation
so its value does not shrink in th...
FYI
…No, Nancy Pelosi, Star-Kist Tuna (Del Monte Foods) is not consider
small business. (3.82 B; #113 on Forbes „America‟s...
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Min. Wage Speech

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  • Franklin Roosevelt, Public Papers and Address, Vol. VII (New York, Random House, 1937), p.392.
  • Franklin Roosevelt, Public Papers and Address, Vol. VII (New York, Random House, 1937), p.392.
  • http://www.tubechop.com/watch/2504282http://www.tubechop.com/watch/2504345http://www.tubechop.com/watch/2504354
  • The Pros and Cons to Upping Minimum WagePro: By Darius Ross; Con: By Betsy McCaughey – 2/7/2013http://www.rocklandtimes.com/2013/02/07/the-pros-and-cons-to-upping-minimum-wage/
  • The Pros and Cons to Upping Minimum WageComing Hikes in Minimum Wage Hurts, Not Helps, Low-Income WorkersBY BETSY MCCAUGHEYhttp://www.rocklandtimes.com/2013/02/07/the-pros-and-cons-to-upping-minimum-wage/
  • http://www.motherjones.com/politics/2011/06/speedup-americans-working-harder-charts
  • Private sector worker’s pay is on a negative slope and needs to be held to a minimum wage if not tied to the expediential increase in production and executive pay. http://www.nytimes.com/2013/03/04/business/economy/corporate-profits-soar-as-worker-income-limps.html?pagewanted=all
  • http://www.snopes.com/politics/pelosi/americansamoa.asphttp://www.forbes.com/companies/del-monte-foods/
  • Min. Wage Speech

    1. 1. WHAT YEAR ARE WE IN A socioeconomic lesson for the present
    2. 2. 1938 FLSA  Fair Labor Standards Act 1. Banned oppressive child labor 2. Set the minimum hourly wage at 25 cents 3. Set the maximum workweek at 44 hours
    3. 3. F.D.R. “Do not let any calamity-howling executive with an income of $1,000 a day, ...tell you...that a wage of $11 a week is going to have a disastrous effect on all American industry.” • President Roosevelt
    4. 4. WEALTH DISTRIBUTION I couldn‟t have said it better
    5. 5. MINIMUM WAGE Pros  Raising minimum wage is a critical priority for accelerating economic recovery  Raising the minimum wage will put more money in the pockets of workers who most need to spend those dollars  It will boost consumer spending at local businesses
    6. 6. MINIMUM WAGE Pros (cont..)  Higher wages also benefit businesses by boosting employee productivity, retention and customer satisfaction, and reducing the high costs of employee turnover  Increasing the minimum wage will reduce the strain on our social safety net caused by inadequate wages
    7. 7. MINIMUM WAGE Cons  A 10 percent hike in the minimum wage causes a 2.5 percent drop in employment among young white men without a high school diploma and a staggering 6.5 percent drop among young black men without that degree  Raising minimum wages benefits some workers but harms the least employable job seekers
    8. 8. MINIMUM WAGE Cons (Cont.)  The typical minimum-wage employee is young, with few skills and little or no job experience. Half are under age 25, and a quarter haven‟t completed high school. Fifty-nine percent are working part-time  First-time workers face the biggest risk of being priced out of the job market by a minimum wage hike
    9. 9. PRODUCTION
    10. 10. DISTRIBUTION
    11. 11. CONTRIBUTIONS
    12. 12. PROFITABILITY
    13. 13. 91% AGREE INSTICTIVELY  Minimum wage should be increased and then indexed to inflation so its value does not shrink in the future as the cost of living rises  Increased wealth in the poor and middle class creates jobs bringing consumers into new market segments  Tax breaks to small business and offset the initial wage increase
    14. 14. FYI …No, Nancy Pelosi, Star-Kist Tuna (Del Monte Foods) is not consider small business. (3.82 B; #113 on Forbes „America‟s Largest Private Companies‟  In January, 2007 when the minimum wage was increased from $5.15 to $7.25, Pelosi had American Samoa exempted from the increase so Del Monte would not have to pay the higher wage. Pelosi added an earmark to the final bill adding $33 million dollars for an 'economic development credit in American Samoa'.

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