In 1938 Congress passed the Fair Labor Standards Act, which mandated a national minimum wage of 25 cents per hour. During the past 65 years, the minimum wage has been increased many times. The current federal minimum wage is $5.15 per hour, although some states have their own higher minimum-wage rates ranging up to just [...]
People who stay for lengthy periods of time in the same apartment often pay rents substantially below market value, while newcomers are faced with exorbitant prices for units sublet from other tenants. Distortions and inequities result. A book on housing and the homeless by William Tucker reports several examples: Actress Ann Turkel spends only two [...]