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Minimum Wage INTRODUCTION The great scientist Charles Darwin illustrated with his theory of survival of the fittest that society will survive and people will excel in a world that allows dominance accomplishment and adaptation We can see this theory in todays society as people strive to find better employment and make more money for their families in order to move up through society The concept of minimum wage handicaps this theory because it sets a standard for all people to achieve regardless of their drive and experience HISTORY Let us look at the quick overview of history of minimum wage law First in was introduced in 1933 under the New Deal program Roosevelts advisers developed a National Industrial Recovery Act NRA The act suspended antitrust laws so that industries could enforce fair-trade codes resulting in less competition and higher wages As an early step of the NRA Roosevelt publicized a Presidents Reemployment Agreement to raise wages create employment and thus restore business More that 23 million agreements were signed covering 163 million employees Signers agreed to a workweek between 35 and 40 hours and minimum wage of 12 to 15 a week and undertook with some exceptions not to employ youths under 16 years old Then in 1836 the Supreme Court in a series of decisions invalidated both state and federal laws concerning minimum wage Finally the Fair Labor Standards Act of 1938 was signed by Franklin D Roosevelt and set the hourly minimum wage at 25 cents Following decades minimum wage had been raised In 40s it was raised from 40 cents an hour to 75 cents an hour for all workers and was expanded to include workers in the air transport industry A 1955 amendment increased the minimum wage to a 100 an hour with no change in coverage 1960s extended coverage to public schools nursing homes laundries and the entire construction industry and minimum wage went up to 160 an
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