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The federal minimum wage is a basic earning one gets for working for an hour. It was first introduced in 1938 during the great depression and has since then evolved through time of the growth and transformation of the United State’s economy. The current federal minimum wage stands at 7.25 dollars per hour which was set back in the year 2009 (United States, 2015). In a present Americas economy, it becomes so challenging to survive with such a kind of pay; with the ever increasing cost of living many citizens are challenged and generally straggle to enjoy a stable life. This has coursed Americans to work overtime and even secure more than two Jobs in order to afford life in America. If the federal government increased the minimum wage, it would spare its citizens and enhance Job growth for its economy. But on the other hand, to increase the minimum wage also means to force businesses to lay off workers due to high payments which could render them bankruptcy. It is also true that if the minimum wage was increased, the poverty levels in the nation would reduce drastically. Yet one should not forget that with high or increased minimum wage come a high cost of living (Fisher, Fortney & Practising Law Institute, 2016). United States. (2015). Improving the federal wage and hour regulatory structure: Hearing before the Subcommittee on Workforce Protections, Committee on Education and the Workforce, U.S. House of Representatives, One Hundred Thirteenth Congress, second session, hearing held in Washington, DC, July 23, 2014. (My forum 6: A minimum wage was first stated in 1938 by the American government, and it was starting at $0.25. Its increase was felt until the year 1981, whereby the minimum wage stood at $3.35 until the year1990. After that, the increase was gradual until its current minimum wage of $ 7.25 which is from the year 2009 CITATION Cle14 l 1033 (Wither, 2014). The significance of the existence of minimum wage economically is due to its role in resulting to an increase in purchasing power as well as productivity. However, due to the aspect of inflation, minimum wage value as significant decreased, and consequently, it is not as much valuable as initially. Use a minimum of 3 references. Paper must be between 1200-1500 words. Only Assignments submitted as an attachment will be accepted.