HUGE MINIMUM WAGE INCREASE IN 1949


President Truman signs the Fair Labor Standards Act.

U.S. President Harry Truman, declaring the federal minimum wage ought to be
nearly double, raised the minimum wage from 40 to 75 cents an hour. The
increase is roughly the equivalent of a wage today jumping to $10.70 from
$5.70 an hour.

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posted by Bob Karm in ANNIVERSARY,Fincncial,Government,HISTORY,Labor,President and have No Comments

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