City Restoration Development

The Roosevelt administration’s anti-business policies made it harder for employers to hire workers and made the economy worse during the Great Depression.

In the midst of the Great Depression, President Franklin D. Roosevelt signed two significant bills into law that were intended to boost employment. These were the National Labor Relations Act (NLRA) of 1935 and the Fair Labor Standards Act (FLSA) of 1938. However these laws, among others, ultimately caused higher unemployment and delayed economic recovery.
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Minimum wage is the least dollar amount that employers must pay to nonexempt employees per hour, as mandated by local, state or Federal law. Employers may pay employees by some other method than hourly, such as by piecework or commission. But, in any case, the dollar amount that eligible employees earn, divided by the hours that they worked, must equal at least the current minimum wage rate.

Generally, the current minimum wage rate for eligible employees under Federal law is $7.25 per hour (effective July 24, 2009). Special eligibility rules for the Federal minimum wage regarding age, tips and commissions are briefly explained below.
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The Great Recession has left the United States with a new poor class facing chronic unemployment. Unskilled and older workers are hurting the most.

Peter S. Goodman states in his New York Times article, “Despite Signs of Recovery, Chronic Joblessness Rises,” that there are millions of Americans unemployed and they have spent most of their savings. This new poor class comes from the American middle class which is accustomed to the comforts afforded by its society. The new poor class is now forced to rely on public assistance for now and the undetermined future.

Not Enough Jobs Being Created Read the rest of this entry »