1. Minimum wage vs Living wage

2. Two key moments in U.S. history related to wage rates
Minimum wage: history
Two key moments in U.S. history related to wage rates

3. For many Ford workers, this policy more than doubled their pay
Minimum wage: history
In 1914, Henry Ford announced his $5 a day program for autoworkers at his factory (for an 8 hour day)
For many Ford workers, this policy more than doubled their pay

4. At the time, there were no minimum wage laws in the U.S.
Minimum wage: history
At the time, there were no minimum wage laws in the U.S.
Ford wanted to reduce worker turnover since training new workers was costly
Ford’s policy was also likely motivated by a desire to discourage workers from organizing a union

5. Minimum wage: history
The Fair Labor Relations Act (the legislation passed in 1938 as part of FDR’s New Deal) guaranteed a minimum wage for the first time in U.S. history.
It was intended to help full-time workers avoid poverty and/or unfair treatment by employers.

6. Federal Minimum wage = $7.25 an hour Ohio Minimum wage = $8.15 an hour
Minimum wage: Today
States can set a minimum wage higher than the wage set by the federal government, but not below
Federal Minimum wage = $7.25 an hour
Ohio Minimum wage = $8.15 an hour

7. Minimum vs living Wage
Living Wage Definition: A wage that is high enough to maintain a normal standard of living