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back in the good old days after the 1929-1930 market crash the depression swept across the country and unemployment was at 25% (lot worse in some already poor places). clearly, something had to be done to right the ship. FDR invented the NRA.
"The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition." The codes were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed.[1]
In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution. The NRA quickly stopped operations, but many of its labor provisions reappeared in the National Labor Relations Act (Wagner Act), passed later the same year. The long-term result was a surge in the growth and power of unions, which became a core of the New Deal Coalition that dominated national politics for the next three decades."
https://en.wikipedia.org/wiki/Nation...Administration
see, back in the good old days when it was a new industrial economy, a "liberal" like FDR could pull off a stunt like that and it worked.
sadly, here we are in a post-industrial economy where nobody really makes anything, so what's the point? going from $8/hr. to $10/hr. flipping burgers ain't no economy.
"The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. The goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition." The codes were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed.[1]
In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution. The NRA quickly stopped operations, but many of its labor provisions reappeared in the National Labor Relations Act (Wagner Act), passed later the same year. The long-term result was a surge in the growth and power of unions, which became a core of the New Deal Coalition that dominated national politics for the next three decades."
https://en.wikipedia.org/wiki/Nation...Administration
see, back in the good old days when it was a new industrial economy, a "liberal" like FDR could pull off a stunt like that and it worked.
sadly, here we are in a post-industrial economy where nobody really makes anything, so what's the point? going from $8/hr. to $10/hr. flipping burgers ain't no economy.
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