Discuss the economic impact

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Before the passage of FLSA in 1938, there was no limit to the number of working hours in a day or in a week that employers could require of their employees. In addition, there were no requirements for minimum compensation for an employee's work. Therefore, an employer could require employees to work for as many hours as they could get out of them and pay employees as little as possible. This potential exploitation of labor was restricted by the FLSA, whose purpose was to establish minimum labor standards on a national level and to eliminate low wages and long working hours.

Increasing the minimum wage is controversial and traditionally opposed by business. Discuss the economic impact and identify the pros and cons of increasing minimum wage.

Reference no: EM133162961

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