• Minimum wage laws

    From BOB ACKLEY@1:123/140 to ALL on Monday, March 18, 2019 16:24:48
    .. don't have anything to do with "fairness" or a "living wage," as
    this article reports:

    5/28/1998 In yesterday's Wall Street Journal, Burton W. Folsom Jr.
    explained the origins of the federal minimum-wage law in the 1930s: A
    Yankee plot to strangle the South's economy.

    During the 1920s and '30s, the American textile industry had begun to
    shift from New England to the South, where the cost of living was lower
    and where Southern workers produced a high-quality product for lower
    wages," writes Mr. Folsom, a senior fellow with the Mackinac Center for
    Public Policy in Midland, Mich.

    "Politicians in Massachusetts, led by Republican Sen. Henry Cabot Lodge
    Jr. and House Minority Leader Joseph Martin, battled in Congress for a
    law that would force Southern textile mills to raise wages and thereby
    lose their competitive edge."

    Politicians in Dixie were quick to spot this evil Yankee
    conspiracy ,Mr. Folsom writes.
    "Northern industries are trying to stop the progress of the South,
    and they feel if they can pass this bill, it will really be a tariff
    against Southern goods," Rep. Sam McReynolds, Tennessee Democrat,
    argued in the 1930s.

    Hmm. Massachusetts politicians pushing for a minimum-wage increase?
    Sound familiar?

    "Sen. [Edward M.] Kennedy would have us believe that what has been good
    for Massachusetts is good for the nation," Mr. Folsom writes of the Massachusetts Democrat. "That was wrong in 1938 and it's still wrong 60
     years later."


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