Minimum Wage Laws Exist for a Reason

Something to remember about minimum wage, this is what was said by the President (FDR) before it was signed:

“Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you – using his stockholders’ money to pay the postage for his personal opinions — tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry.” (1938, Fireside Chat, the night before signing the Fair Labor Standards Act that instituted the federal minimum wage)

Similar Articles

Legal Updates Check out our posts with updates about employment law matters affecting Tennessee.  Recent posts are streaming to your right.
Pre-shift work Many FLSA claims revolve around “pre-shift work” which is what we call the time people spend working before they get to go on the clock and be
Some autoworkers are exem... xposted from www.lawonyourschedule.com Autoworkers may be exempt from FLSA (Fair Labor Standards Act) overtime pay requirements.  The FLSA is the law that requires companies to pay you
Picking a Lawyer How do you pick a lawyer for an unpaid overtime case? Look for someone you feel comfortable with and who has experience in your specific location and
Breach of Employment Agre... Some employees enter into employment agreements that include the terms for severance and other benefits. In JIMMY L. HENSLEY V. COCKE FARMER’S COOPERATIVE, Mr. Hensley and Cocke
What is Overtime? When people talk about overtime, what do they mean? In Tennessee, overtime is any work performed by a worker for an employer in excess of forty hours
Arbitration Agreements an... Many employees sign arbitration agreements when they sign on with a company, or as part of their severance agreements.  Arbitration is not always bad and it does
Paid in Vacation Time? When I was working in government, it was very common to receive additional vacation time or sick leave for salaried employees who had to work excessive hours
Problems with unpaid labo... The food industry, especially restaurants with tight margins, are notorious for violating the FLSA and other wage and hour laws. You would think that since these companies
Minimum Wage Laws Exist f... Something to remember about minimum wage, this is what was said by the President (FDR) before it was signed: “Do not let any calamity-howling executive with an

Leave a Reply

Your email address will not be published. Required fields are marked *