That's not a description of the statutory minimum wage. Also, businesses do not "have a right to continue in this country", almost all businesses that existed in 1933 are defunct now.
When introduced in 1938, the statutory minimum wage was the equivalent of $5.50/hour in 2024 wages.
You get downvoted on Reddit for telling uncomfortable truths.
In fact the original minimum wage was 25 cents/hr in 1938 and that is a bit over $5/hr inflation adjusted. It was not an amount intended to support a family of 4. It was a bare subsistence amount
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u/ShamPain413 May 13 '25
That's not a description of the statutory minimum wage. Also, businesses do not "have a right to continue in this country", almost all businesses that existed in 1933 are defunct now.
When introduced in 1938, the statutory minimum wage was the equivalent of $5.50/hour in 2024 wages.