General Discussion
In reply to the discussion: A profound thanks to those who invoke FDR and the New Dealers [View all]Warpy
(114,785 posts)POC were last hired, first laid off, but even menial jobs like train porter and janitor paid enough for POC to feed their kids and keep a roof over their heads. It was the best deal working men of all colors ever had under capitalism.
Get richer quicker capitalists hated it. The slow, steady buildup of wealth was painful to them.
Still, any rich guy who paid the least bit of attention did get richer. We just didn't have hedge fund con artists ripping off the stock market to the tune of billions per year and banksters making bets with our money. Theft, the biggest contributor to getting rich quick, was regulated out of the system.
When married women were first allowed back into the workforce (yes, allowed) in the late 50s, their contribution to the household was magnified by that income floor that said an honest day's work deserved enough money to support a worker, no matter age, color or sex.
The wage floor in this country even at its spending power peak never allowed a worker new cars, restaurant meals or hotel stays on vacation. It allowed families on a "thrifty" budget to live above the poverty line even if they did the worst jobs in the country because they were the "wrong" color to do the best.
Things were better for all workers under the New Deal. Did workers of various colors get the shaft in other ways? Oh, you bet they did. So did women of all colors.
And that's why fascist pigs like the Koch boys couldn't wait to dismantle it. How dare black men and white women think they were worthy of living wages?