 They estimate that it raised wages for farm labourers by 15 per cent by 1929, and by more than 20 per cent in the 1930s.It reduced the employment of such labourers by 54,000 (6.5 per cent) in 1929 and 97,000 (13.3 per cent) in 1937.They argue, "The minimum wage lifted out of poverty many families of farm labourers who remained employed, but it significantly lowered the incomes of farmers, particularly during the 1930s."