January 25, 1950 minimum wage increased to 75 cents per hour.
But, there is a war. The Korean War would begin June 25, 1950. It would continue until July 27, 1953.
Another dip in the economy followed the end of the war.
Guess what? Increase in minimum wage on March 1, 1956 to $1.00 per hour. The economy would return to the blue lines and it would once again begin to flounder in 1958.
Hm.
September 3, 1961 the minimum wage law would receive attention. There would be two standards now
The 1938 Act applied to employees engaged in interstate commerce or in the production of goods for interstate commerce. Those minimum wages would increase to $1.15 per hour.
The 1961 Amendments extended coverage primarily to employees in large retail and service enterprises as well as to local transit, construction, and gasoline service station employees. These new additions to the law would begin at $1.00 per hour.
