Minimum Wage Causes Maximum Pain
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Description: Essay concerning the origin of the minimum wage and its negative impact on women, minorities, and unskilled workers.
Minimum Wage Causes Maximum Pain [Mackinac Center] Minimum Wage Causes Maximum Pain Sixty years ago on June 25, 1938, President Franklin Roosevelt signed into law AmericaÂ’s first minimum wage: 25 cents an hour, rising to 40 cents an hour over the next seven years, which is equivalent to almost $5.00 in 1998 dollars. Today, many increases later, Senator Ted Kennedy of Massachusetts is pushing for yet another hike in the minimum wage. Now is a good time to reexamine the origins of this important law and its impact on the job market.
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| Page title: | Minimum Wage Causes Maximum Pain [Mackinac Center] |
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| Description: | An article on liberty and free markets as sound public policy for Michigan. |
| IP-address: | 69.20.41.215 |