Why Is There a Minimum Wage?

The video explores the history and evolution of the minimum wage, starting from its inception in the 19th century to its implementation in various countries. It highlights the role of labor movements and strikes in shaping minimum wage laws, particularly in the US, where the Fair Labor Standards Act of 1938 established a federal minimum wage. The video also discusses the current state of minimum wage laws, ongoing debates about wage increases, and the impact of these laws on workers and industries.

What was the primary purpose of establishing the minimum wage?

What were some of the working conditions that led to the demand for a minimum wage?

How did labor movements contribute to the establishment of the minimum wage in the US?

What significant event in 1938 marked the nationwide implementation of the minimum wage?

What were the initial rates set for the minimum wage when it was first implemented?

What challenges did the Fair Labor Standards Act face before its passage?

How has the minimum wage evolved since its first implementation in the US?