Intelligence Squared US: "Should We Abolish the Minimum Wage?”
(Rochester, New York) -- The first attempt at establishing a national minimum wage, a part of 1933's sweeping National Industrial Recovery Act, was struck down by the Supreme Court in 1935. But in 1938, under the Fair Labor Standards Act, President Franklin D. Roosevelt signed into law a minimum hourly wage of 25 cents -- $4.07 in today's dollars. Three-quarters of a century later, we are still debating the merits of this cornerstone of the New Deal. Do we need government to ensure a decent paycheck, or would low-wage workers and the economy be better off without its intervention? Intelligence Squared US: Should We Abolish the Minimum Wage? asks this question, Sunday, May 5, 2013 at 9 p.m. on AM 1370/FM-HD 91.5-2.
Speaking for the motion: James A. Dorn, Vice President for Academic Affairs, Editor Cato Journal. Speaking against the motion: Karen Kornbluh, Former U.S. Ambassador, Organization for Economic Cooperation and Development. Moderated by John Donvan Author & Correspondent for ABC News.
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