What F.D.R. said in 1938 about establishing a minimum wage is also true about raising it: “Without question it starts us toward a better standard of living and increases purchasing power to buy the products of farm and factory.”
From an article in The New York Times
By TERESA TRITCH MARCH 7, 2014
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. And with every increase the same objections have been raised.
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.
Objection: Raising the minimum wage will hurt business and reduce employment.
“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) Continue reading
