We have been told that this bill will merely affect the lower wage scales. To the contrary it will have a serious effect on the general wage structure. inasmuch as the requirement for payment of time and a half for overtime is based upon the regular rate of pay. whether that be 40 cents an hour or $1 an hour. It is amazing to note that American industry is denied the right to ship in interstate commerce if it fails to meet the requirements of this bill. but that there is no prohibition against the products of Chinese coolies. Russian slave labor. Argentine peasants. or Japanese labor. paid $2.70 for a 60hour week.