A Fair Day’s Pay for a Fair Day’s Work

Arindrajit Dube, an associate professor of economics at the University of Massachusetts, Amherst whose focus includes labor economics, has an editorial about the rise and fall of the minimum wage. He writes that at the heart of the debate about wage standards is the idea of fairness—the Fair Labor Standards Act which established the minimum wage in 1938 was sent to Congress by President Franklin D. Roosevelt, who declared that our country should be able to provide working men and women “a fair day’s pay for a fair day’s work” and that “no business which depends for existence on paying less than living wages to its workers has any right to continue in this country.”