No business which depends for existence on paying less than living wages has any right to continue
In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By “business” I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men [sic] in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.
Franklin Roosevelt, Statement on the National Industrial Recovery Act (1933)