Did You Know

Interesting facts about life, finances, business that debunk common misconceptions.

Today in North America discussions about minimum wages have political connotaions and ignore reality of low income workers. Minimum wages were meant to be living wages, though the first attempt in 1831 in Lyon, France failed. But New Zealand succeded in 1894. Then 1898, Samuel Gompers, founding president of the American Federation of Labor, published A Minimum Living Wage, an article advocating a legal threshold for wages enough for workers to live. The first legislation in the USA was in 1912 in Massachusetts.