Quote:
Originally Posted by The_wall
I'm curious when was minimum wage enacted as a law, and why? Were too many people being exploited?
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Here is a link to read more about the history of the minimum wage law:
http://www.dol.gov/asp/programs/history/flsa1938.htm
This will help to explain why it was created, which is simply to make sure children were protected from slave labor. Later, FDR created what was called a "President's Reemployment Agreement" which was "to raise wages, create employment, and thus restore business." This was considered patriotic and many businesses signed an agreement to set a minimum wage and obide by it. Interesting.
Also Paradise Lost, I hope you were kidding when you were saying the min. wage is for kids not yet out of school. If you look at the stats over 60% of the min. wage workers are 20 years or older. Unless you can back that up or you were being sarcastic (which would make more sense). Also, there are exeptions for small businesses to pretty much help them get started before they get bigger.
Please reply if you read the link above because it is very interesting and is a good source of facts to look at. The site is also a very good tool to look for anything else on the min. wage topic. Please reply with only factious comments if they are opinionated please send the link or article to back the comment up. I would love to see both sides of this topic to get a broader view on the subject.