Tag: wages

President Roosevelt signs the Fair Labor Standards A

In 1938, President Franklin D. Roosevelt signed the Fair Labor Standards Act establishing the federal minimum wage. Yet Section 14(c) of the act allowed employers to pay people with disabilities less than the minimum wage. Under 14(c), these workers, who often have cognitive or intellectual disabilities, are earning as little as $4 or $5 per…

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The formula for calculating Social Security benefits recognizes that it’s more difficult for lower-paid workers to afford retirement. Their future retirement benefits will replace a higher percentage of their earnings than, say, a corporate executive will receive. But workers in similar jobs who live in expensive coastal cities are at a disadvantage: steep housing costs…