What happens if the Equal Pay Act is broken?
If you feel your boss has violated the Equal Pay Act, you can either bring a lawsuit against the company in court or file a charge with the Equal Employment Opportunity Commission (EEOC), the government agency that oversees the Equal Pay Act.
What is a negative side effect of minimum wage?
When Minimum Wage is increased by more than 5%, studies have shown a negative impact for one to three years – job loss, reduction of hours, and non-hiring to replace workers leaving – causing a reduction of pay of low pay workers, a 1-3% reduction in teenager hired, and failure of many start-up businesses.
How does minimum wage affect society?
Raising the wages of low-income workers will stimulate the economy; substantially lower the amount the country spends on social safety net programs such as SNAP; and reduce economic inequality, thereby unleashing additional economic growth in a period of recovery.
What prevents the Equal Pay Act from being an effective law?
The law has been weakened by loopholes, inadequate remedies, and adverse court rulings, resulting in protection that is far less effective than Congress originally intended.
How would a $15 minimum wage affect the economy?
The CBO report found that the federal minimum wage increase to $15 would reduce employment in the U.S. by 1.4 million, or about 0.9%.
What will happen if minimum wage is increased?
By boosting the income of low-wage workers who had jobs, a higher minimum wage would raise their families’ real income, lifting some of those families out of poverty. For those reasons, a minimum-wage increase would cause a net reduction in average family income.
What are the arguments against raising the minimum wage?
Raising Minimum Wage Will Kill Jobs and Increase Prices of Goods and Services. Many arguing against raising the minimum wage point to potential job losses that will result from businesses absorbing the costs of having to pay employees more.
Does increasing the minimum wage cause inflation?
With regard to inflation, so-called wage push inflation is the result from a general rise in wages. In theory, raising the minimum wage forces business owners to raise the prices of their goods or services, thereby spurring inflation.