By C. Melissa Snarr, Ph.D.The United States first introduced minimum-wage legislation in the midst of the Great Depression. Recognizing the failures of unregulated markets, the nation chose to draw a moral line below which no market economy could fall; desperate people should not be required to work at desperation wages.
Citizen-emboldened politicians understood taking advantage of people's economic vulnerability was morally unconscionable, even amid economic turmoil.
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