Abolish The Minimum Wage
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The 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?
Lloyd R. Cohen
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- Professor of Law at George Mason University
More from Lloyd R. CohenAmy L. Friedman
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- M.D., Director of Transplantation and Professor of Surgery at SUNY Upstate Medical University
More from Amy L. FriedmanSally Satel
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- M.D., Resident Scholar at AEI and a Psychiatrist at the Oasis Clinic in Washington, D.C.
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James F. Childress
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- Hollingsworth Professor of Ethics at the University of Virginia
More from James F. ChildressFrancis L. Delmonico
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- M.D., Professor of Surgery at Harvard Medical School and Director of Medical Affairs of The Transplantation Society (TTS)
More from Francis L. DelmonicoDavid Rothman
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- Bernard Schoenberg Professor of Social Medicine and Director of the Center on Medicine as a Profession at Columbia
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