Was ther a minimum wage in 1750?

Answer 1

Minimum wage is a modern concept and didn't exist in 1750. In 1750 a person earned whatever he could make off of his crops or labor. At the time 90% of the United States was farms so that was the way most people earned a living. There were no electrical companies, gas companies, TV or cable, car payments, or house payments that people had to make. There were few banks, so the way people earned money and used it was different than today. In 1860 a typical civil war soldier would earn 10.00 a month as a good wage and that is one reason everyone ran to the Gold Rush to find gold because they could earn more and get rich. Even as late as 1968 the minimum wage was 1.68 an hour, so it has come up a bit. Yet, the price of everything is also higher and at today's wage it is still hard for a person to earn enough to meet all the bills they have just to live.