--- title: "Meaning & Key Takeaway of: The minimum wage is something that F.D.R…" description: "\"The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any p..." image: "https://sms4smile.com/quotes/i/3ab/john-raese-30837_any_the-minimum-wage-is-something-that-f-d-r_1009592.png" --- # The minimum wage is something that F.D.R. put in place a… ![“The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years.” quote by John Raese](https://sms4smile.com/quotes/i/3ab/john-raese-30837_any_the-minimum-wage-is-something-that-f-d-r_1009592.png) [Download](https://sms4smile.com/quotes/i/3ab/john-raese-30837_any_the-minimum-wage-is-something-that-f-d-r_1009592.png) [Open image](https://sms4smile.com/quotes/i/3ab/john-raese-30837_any_the-minimum-wage-is-something-that-f-d-r_1009592.png) > “The minimum wage is something that F.D.R. put in place a long time ago during the Great Depression. I don't think it worked then. It didn't solve any problems then and it hasn't solved any problems in 50 years.” [John Raese](https://sms4smile.com/quotes/author/john-raese/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The minimum wage, introduced during the Great Depression, has not resolved economic problems then nor now, suggesting its effectiveness is questionable. **In simple terms:** Minimum wage hasn’t solved long‑term economic issues. Key Takeaway Reevaluate wage policies. Themes economics labor policy history inequality Mood critical analytical Type economic policy critique When to use this quote - budget planning - job negotiations - policy advocacy - economic research Key Concepts minimum wage living standards inflation employment government regulation Questions to Reflect On - Is a higher minimum wage always beneficial? - What alternatives could improve worker welfare? A Different Perspective Inflation and cost of living may offset wage gains. ★ ★ ★ ★ ★ No ratings yet [Depression](https://sms4smile.com/quotes/about/depression/) [Great depression](https://sms4smile.com/quotes/about/great-depression/) [Minimum wage](https://sms4smile.com/quotes/about/minimum-wage/) [Problem](https://sms4smile.com/quotes/about/problem/) [Problems](https://sms4smile.com/quotes/about/problems/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Time](https://sms4smile.com/quotes/about/time/) [Wage](https://sms4smile.com/quotes/about/wage/) ## Related quotes > [The minimum wage was enacted in 1937 during the Great Depression and it has been increased 16 times. It's a well-established economic policy to help families.](https://sms4smile.com/quotes/john-freeman/the-minimum-wage-was-enacted-in-1937-during-the-great-depression-and/) [John Freeman](https://sms4smile.com/quotes/author/john-freeman/) > [The minimum wage is not something that you want to stay on as a permanent basis. 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