History Repeats Itself, A Fight For Fair Wage

1178 WordsJun 25, 20185 Pages
In 1933, Roosevelt enacted the National Industrial Recovery Act (NRA). The act suspended anti-trust laws so industries could enforce fair-trade resulting in less competition and higher wages. In the beginning of the NRA, Roosevelt promulgated a President’s Re-employment Agreement. Employers signed more than 2.3 million agreements, covering 16.3 million employees. Employers agreed to a 35-40 hour workweek, with a minimum wage of $12 to $15 per week. In turn, businesses who signed the agreement displayed a blue eagle over the motto “We do our part.” Therefore, Patriotic Americans would buy only from “Blue Eagle”. As a result, the economy would recover from the “Great Depression”. Unfortunately, May 27, 1935, the Supreme Court disarmed the…show more content…
For this reason, we must raise minimum wages. The Standard Self-Sufficiency Chart, 2012 Expense Cost Percent of Income Miscellaneous $366 8% Tax Net* $530 12% Health Care $413 9% Food $791 17% Childcare $1,454 32% Transportation $260 6% Housing $740 16% Total $4,553 100% Source: Center of Women’s Welfare, Dr. Diana Pearce The actual percentage of income needed for taxes without inclusion of tax credits is 18%. However, with tax credits included, as in the Standard, the family receives money back, and the amount owed in taxes is reduced to 12%. Opponents, who object to raising the minimum wage, argue that we should subsidize, not regulate. In this case, that we should expand the Earned Income Tax Credit, an existing program that provides significant aid to low-income families. The Tax Reduction Act of 1975 enacted the Earned Income Tax Credit during the Ford administration. Originally, the EITC was supposed to be a temporary refundable tax credit for lower-income workers to offset the Social Security payroll tax and rising food and energy prices. The Revenue Act of 1978 made the credit permanent. The EITC was considered both an anti-poverty program and an alternative to welfare because it incentives worked. The EITC has changed since first enacted in 1975. The Tax Reform Act of 1986, signed by President Reagan, indexed the maximum earned income and phase-out income levels of inflation. Congress further makes it more generous, with the maximum credit
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