![]() Objection: The minimum wage is a government mandate that interferes with the free market. ![]() “Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company’s undistributed reserves, tell you – using his stockholders’ money to pay the postage for his personal opinions - tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry.” (1938, Fireside Chat, the night before signing the Fair Labor Standards Act that instituted the federal minimum wage) Objection: Once you add in public assistance and tax credits, $9 an hour is plenty, and business could survive that. “By living wages, I mean more than a bare subsistence level - I mean the wages of a decent living.” (1933, Statement on National Industrial Recovery Act) Objection: $10.10 an hour is too much, maybe $9. “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” (1933, Statement on National Industrial Recovery Act) Objection: Raising the minimum wage will hurt business and reduce employment. Today, instead of dismantling these arguments on my own I decided to get a little help from President Franklin Delano Roosevelt, who had to fight Republicans, conservative Democrats, the Supreme Court and corporate leaders to pass the initial minimum wage in 1938. And with every increase the same objections have been raised. In the more than 75 years since Congress first enacted a federal minimum wage - at 25 cents an hour - lawmakers have increased it nine times, reaching the current level of $7.25 an hour in 2009. Makes the Case for the Minimum WageīY TERESA TRITCH MA10:56 AM Ma10:56 am 209 Congressional refusal to honor the intent of the FLSA is unAmerican and it causes or contributes to homelessness and other social problems.į.D.R. The minimum wage (Fair Labor Standards Act) was created to be a living wage.
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