Thursday, August 13, 2009
During a conversation yesterday a friend mentioned that he was asked what the minimum wage was when he first started working. He laughed and said he didn't know if there was one then. Well, that got me to thinking, when did all that start? I had to search to find the answer but it was in 1938.......and the minimum wage was 25 cents!!! Fair Labor Standards Act. A couple amendments happened in 1961 and then again in 1966. When I first started working it was probably $1.60 an hour. Now we are at $7.25. Interesting that it was initiated after the depression. I wonder if it was called a stimulus back then?