In 1960 gas was $ .249 per gallon, cheeseburger at Gino’s was $ .22. Brand new Chevrolet right off the showroom floor... $1,999.99 Then Democrats started playing with the minimum wage... Terrible consequences.
It is actually to rob little guys of their money. In old days money values were fairly consistant. Gold was $20 an ounce for centuries. Old folks got income from bank savings & it was their pension. Now, could bank interest provide you with income? US grabbed Fannie & Freddie.
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Truth is what would be a minimum should float. Tight labor market higher wages. Teenage or even pre-teen labor market so different. 8 year olds could wash windows, sweep floors, empty trash cans, run errands. Why McDonalds, yes...but accounting firm, no, engineering firm, no?
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