From one of our Fisher & Phillips wage-hour impresarios, John Thompson.
U.S. Senator Elizabeth Warren (D-MA) recently asked during a Senate committee hearing why the federal Fair Labor Standards Act’s $7.25-per-hour minimum wage has not already increased over time to the level of $22 an hour. A professor appearing at the hearing opined that a case could be made for a current rate of $33 an hour.
So why isn’t the FLSA minimum wage more than 450% higher than it is today?….