Who came up with an idea called the iron law of oligarchy?

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?

State2020 Minimum Wage2021 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
Effective Date1938 Act 11961 Amendments 2
$2.

What was min wage in 1975?

$2.

What was the average salary in 1950?

$3,300

What was the average price of a house in 1950?

$7,354

What was a good salary in 1970?

$9,870

How much did a car cost in 1950?

Car Prices in 1950's The average cost of a new car was $1,510 in 1950 and by the end of the decade was $2,200.

What is $1 in 1950 worth today?

$1 in 1950 is equivalent in purchasing power to about $10.