This assertion underscores a fundamental belief that businesses should provide fair compensation to their workers, enabling them to live decently. It reflects a commitment to social responsibility, arguing that economic viability should not come at the expense of worker exploitation or societal well-being.
Quote by Franklin D. Roosevelt: “No business which depends for existence on paying less than living wages has any right to continue in this country.”
No business which depends for existence on paying less than living wages has any right to continue in this country.
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Historical Context
Made in a statement regarding the National Industrial Recovery Act (NIRA), a key part of the New Deal. The NIRA aimed to stabilize the economy and stimulate recovery by establishing fair labor practices and minimum wages.
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American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As a leader of the Democratic Party, he built the New Deal Coalition, which defined modern liberalism in the U.S. throughout the middle third of the 20th century.
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