3min chapter

The Daily cover image

The Fight for (and Against) a $15 Minimum Wage

The Daily

CHAPTER

What Happened to the Federal Minimum Wage?

Before nineteen thirty eight, there's just no floor. You could literally pay people anything you want. So this is something that has had broad public support, basically from the very beginning. And so if we're raising the price of labor, raising the price that you have to pay workers, then you would expect for companies to hire a fewer of them. i think this was a widely held belief....

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