This article focuses on the minimum wages and growth of the American income
On a Saturday in June 1938, President Franklin Roosevelt signed a landmark law in the nation’s social and economic development, the Fair Labor Standards Act (FLSA). The Depression- born legislation was designed to put “a floor below wages and a ceiling over hour” (Roosevelt 1938) by establishing a national minimum wage, setting a 40-hour work week, and prohibiting most child labor. Its broad objective was to create labor standards necessary for the health, efficiency, and well-being of the nation’s workers. The minimum wage specifically was intended to play a crucial role in strategy to reward work and reduce poverty in America and to ensure that growth in the economy is broadly shared across the workforce.
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