James Buchanan Quotes
Ten cents a day is adequate pay for a workingman.
Ten cents a day was a very low wage—it was about the equivalent of a meal at a tavern at the time. Workers throughout the country were outraged and give him a derogatory nickname—see Quotation 643585.
James Buchanan View of Fair and Proper Wage Quoted In The Latin Library http://www.thelatinlibrary.com/chron/civilwarnotes/buchanan.html
Sourced by: Eigen's Political and Historical Quotations
This appears to be the first political use of the phrase. It would take a century for legislation in some states to mandate a living wage. Roosevelt, as a reformer was incredibly ahead of his time.
At the time, a person earning the federal minimum wage would still be in poverty.
James Buchanan, Jr. was the 15th President of the United States (1857–61), serving immediately prior to the American Civil War. He represented Pennsylvania in the United States House of Representatives and later the Senate, then served as Minister to Russia under President Andrew Jackson. He was named Secretary of State under President James K. Polk, and as of 2016[update] is the last former Secretary of State to serve as President of the United States. After Buchanan turned down an offer to sit on the Supreme Court, President Franklin Pierce appointed him Ambassador to the United Kingdom, in which capacity he helped draft the Ostend Manifesto.; James McGill Buchanan, Jr. was an American economist known for his work on public choice theory (included in his most famous work The Calculus of Consent), for which he received the Nobel Memorial Prize in 1986. Buchanan's work initiated research on how politicians' and bureaucrats' self-interest, utility maximization and other non-wealth maximizing considerations affect their decision making. He was a member of the Board of Advisors of The Independent Institute, a member (and for a time the President) of the Mont Pelerin Society, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason University.