FDR’s principal intention for a “living wage” was to protect workers from abuse by employers
By Felix Koenig, Assistant Professor of Economics, Carnegie Mellon University The US$1.9 trillion pandemic relief bill that the House of Representatives passed included a gradual increase in the federal minimum wage to $15 per hour by 2025. While its chances in the Senate appear slim, the proposal has brought national attention to the minimum wage, which has been stuck at $7.25 since 2009. Supporters argue a higher minimum wage would translate into higher incomes for millions of low-wage employees, such as restaurant waiters, retail salespeople and child care workers, and thereby lift a lot of people out of poverty....
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