Minimum Wage And The National Industrial Recovery Act

Minimum wage controversies abound across the nation daily. A recent New York Times article headline stated â€Å"Fast-Food Restaurants Should Raise Minimum Wage, New York Panel Says† . An article posted online in the Waco Tribune on 22 July 2015, says â€Å"Sanders proposes $15 minimum wage, sets up Clinton contrast.† National Elections in 2016 will likely have minimum wage issues as a hot topic as well. We have not always had a minimum wage, but most people are not aware of that fact. To understand the minimum wage controversies you need to know the history of minimum wage. Minimum wage began in the 1930’s as one of Franklin D. Roosevelt’s New Deal Policies. In the 80 plus years since the implementation of his New Deal Policies, historians have reviewed and reassessed the impacts of these programs. The National Industrial Recovery Act (NIRA) signed on 16 June, 1933 was a program of the New Deal that would cover multiple issues. Franklin D. Roosevelt said in his statement introducing the NIRA, History probably will record the National Industrial Recovery Act as the most important and far-reaching legislation ever enacted by the American Congress†¦Ã¢â‚¬  Big words for a big act in Roosevelt’s New Deal. NIRA was the brainchild of President Roosevelt and his â€Å"brain trust† . Roosevelt and his advisor, Sam Rosenman, a Columbia Law School graduate, and Basil O’Connor, FDR’s law partner and a Harvard Law School Graduate, put the brain trust together. The first person, after RosenmanShow MoreRelated The Great Depression and Franklin D. Roosevelts New Deal Essay858 Words   |  4 Pagesin its severity and its consequences. At the depth of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930s, shaking the foundations of Western capitalism. The New Deal describes the program of US president Franklin D. 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