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Bonus Podcast: Should We Abolish the Minimum Wage?

Bonus Podcast: Should We Abolish the Minimum Wage?

Released Friday, 4th September 2015
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Bonus Podcast: Should We Abolish the Minimum Wage?

Bonus Podcast: Should We Abolish the Minimum Wage?

Bonus Podcast: Should We Abolish the Minimum Wage?

Bonus Podcast: Should We Abolish the Minimum Wage?

Friday, 4th September 2015
Good episode? Give it some love!
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This is a special podcast for Labor Day. The first attempt at establishing a national minimum wage, a part of 1933’s sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair Labor Standards Act, President Franklin D. Roosevelt signed into law a minimum hourly wage of 25 cents—$4.07 in today’s dollars. Three-quarters of a century later, we are still debating the merits of this cornerstone of the New Deal. Do we need government to ensure a decent paycheck, or would low-wage workers and the economy be better off without its intervention?Learn more about your ad choices. Visit podcastchoices.com/adchoices

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