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Is Minimum Wage Causing Problems? || Debate Clip || Abolish the Minimum Wage
Posted
April 18, 2013
Views
1,430
Likes
5
Comments
7
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0.84%
April 18, 2013
1,430
5
7
0.84%
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2:09Now PlayingThe 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?
For: James A. Dorn
For: Russell Roberts
Against: James Bernstein
Against: Karen Kornbluh
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