Know and How to Manage It

Did you know that the minimum wage has been around since 1938? The first minimum wage was just 25 cents per hour! In today's dollars, that would be about $4.19 per hour. Over the years, the minimum wage has increased to keep up with inflation and economic changes. Business owners need to understand how the minimum wage affects their organization. In this blog post, we will discuss the history of minimum wages and what you can do to manage it in your business. The historical evolution of minimum wage: In 1938, during the Great Depression, Congress passed the Fair Labor…