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Table of Contents:
- Who came up with an idea called the iron law of oligarchy?
- What state has lowest minimum wage?
- What was the original point of minimum wage?
- What was the first minimum wage?
- What was min wage in 1977?
- What was min wage in 1975?
- What was the average salary in 1950?
- What was the average price of a house in 1950?
- What was a good salary in 1970?
- How much did a car cost in 1950?
- What is $1 in 1950 worth today?
Who came up with an idea called the iron law of oligarchy?
The iron law of oligarchy is a political theory first developed by the German sociologist Robert Michels in his 1911 book, Political Parties.
What state has lowest minimum wage?
| State | 2020 Minimum Wage | 2021 Minimum Wage | ||||
|---|---|---|---|---|---|---|
| Alabama | $7.
What was the original point of minimum wage?Roosevelt passed it as part of the New Deal to protect workers during the Great Depression. The Depression had caused wages for many to drop to pennies a day. Roosevelt set the minimum wage at $0. What was the first minimum wage?$0. What was min wage in 1977?Minimum hourly wage of workers in jobs first covered by
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