By John E. Thompson
U.S. Sen. 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 percent higher than it is today? Read more…