BUISENESS MANAGEMENT
EMPLOYMENT ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What was the minimum wage in 1939?
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$0.35 cents
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$0.25 cents
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$0.20 cents
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$0.15 cents
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Explanation:
Detailed explanation-1: -Generally, the bill provided for a 40-cent-an-hour minimum wage, a 40-hour maximum workweek, and a minimum working age of 16 except in certain industries outside of mining and manufacturing.
Detailed explanation-2: -In the year 1940, the United States minimum wage was $0.30. This is equivalent to $6.36 in 2023 dollars.
Detailed explanation-3: -The monthly minimum wage calculation includes the variable dearness allowance (VDA) component, which accounts for inflationary trends, that is, the increase or decrease in the Consumer Price Index (CPI), and where applicable, the house rent allowance (HRA).
There is 1 question to complete.