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Form F. R. 131
BOARD DF GDVERNDRS
DF THE

FEDERAL RESERVE SYSTEM

Office Correspondence
To

nhaiTTTmn Ttonifts

Frnm

Lauchlin Currie

Date March 10, 1957
Subject: General Trend of Thinking of
one Member of the Committee on Shorter
Hours Legislation.

STRICTLY CONFIDENTIAL
In general it is believed desirable to fix a fairly low minimum
wage and high maximum hours and then grant an administrative Board wide
discretionary powers in setting up reasonable standards, industry by
industry, subject to the restriction that the minimum wage established
by the Board should not be over, say, |50 or the maximum hours less
than, say, 40 a week. The Board would have power to vary the minimum
fair wage or the maximum reasonable work week according to localities
and population if such differentiation is necessary or appropriate.
In establishing a maximum reasonable work week, the Board would
take into account all relevant circumstances affecting the reasonableness of the period of working time for the character of the work, or
class of work performed; may consider the period of working time for
work of like or maintained by comparable character employers who
voluntarily maintain a reasonable work week in the occupation subject
to the order establishing such maximum reasonable work weekj and may consider
the number of persons available for employment at the work subject to such
order and the possibility of alleviating employment among such persons.
Public hearings will be held before an order is issued for an industry.
Exemptions from the maximum work week or minimum wage may be granted
by the Board in connection with




(1) The employment of learners and apprentices.
(2) The employment of persons whose earning capacity is
impaired by age or physical or mental deficiency or
injury.
(S) Piece rate work in relation to time rates.
(4) Deductions for board, lodging, or other benefits.
(5) Part-time employment.
(6) Overtime hours and wage rates in periods of seasonal or
peak activity or maintenance, repair or other emergency
work.
(7) The averaging of working time in cases of necessity, and
(8) Other special cases or classes of cases such as herein
enumerated.