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How Will Federal Minimum Wage Laws Impact Employers?

September 28, 2021 Policy & Legal
The federal minimum wage was implemented under the Fair Labor Standards Act (FLSA) of 1938. The initial purpose of a federal minimum wage was to stabilize America’s post-Depression economy and protect workers in the labor force. In order to protect desperate workers from being exploited, the minimum wage was established to ensure an equal living wage – a fair amount that could provide enough food, clothing, and shelter for a worker and their family.