Few American institutions have been subjected to such a consistent stream of vitriol and assault as the minimum wage, which celebrates its 74th birthday this week. The first federal minimum wage was established when FDR signed the Fair Labor Standards Act (FLSA) on June 25, 1938. The FLSA also established the eight-hour day, paid overtime and child labor protections into federal law. Since then, it has been amended nine times to expand coverage and to raise the wage to keep it in line with the nation’s economic growth.
Business leaders, industry associations, politicians and more recently think tanks have opposed the FLSA and every legislative amendment since. They said it would destroy American civilization, kill jobs and hurt black people. Business owners predicted they would be forced into bankruptcy.
One business opponent of the 1938 legislation even warned that the minimum wage would lead to the decline of the American empire.
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