When the 25 cent an hour minimum wage became law today , industries warned of economic mayhem. Alarms are likely to be again sounded when Senator Kennedy and The AFL-CIO introduce legislation to increase 50 years earlier 's minimum wage from $ about $4.65 to about $4.65 an hour. " The labor federation has made the issue a legislative priority, arguing that an increase is long overdue. Final shape of the bill is not set and may prompt a veto from the president who once said that a minimum wage caused more unemployment and misery than anything since the Great Depression . The AFL-CIO argues that an increase is long overdue since the minimum wage has not kept pace with rising living standards.
When the 25 cent an hour minimum wage became law today , industries warned of economic mayhem. Alarms are likely to be again sounded when Senator Kennedy and The AFL-CIO introduce legislation to increase 50 years earlier 's minimum wage from $ about $4.65 to about $4.65 an hour. Final shape of the bill is not set and may prompt a veto from the president who once said that a minimum wage caused more unemployment and misery than anything since the Great Depression . The AFL-CIO argues that an increase is long overdue since the minimum wage has not kept pace with rising living standards.