The federal minimum wage rate's purpose:
The federal minimum wage rate (to the extent of the rate's purchasing power), net reduces incidents and extents of poverty. It prevents states having lesser regard for their wage-dependent families, from undermining the labor markets of other U.S. states. If there were no federal minimum rate, other states would find it less feasible to enforce and sustain their own state's minimum wage rates.
The federal minimum wage rate has never been among the primary drivers of U.S. dollar’s inflation which occurs regardless if the minimum rate is or is not increased. The minimum wage rate has been more a victim rather than a cause of our dollars' reduced purchasing power. Respectfully, Supposn
The federal minimum wage rate (to the extent of the rate's purchasing power), net reduces incidents and extents of poverty. It prevents states having lesser regard for their wage-dependent families, from undermining the labor markets of other U.S. states. If there were no federal minimum rate, other states would find it less feasible to enforce and sustain their own state's minimum wage rates.
The federal minimum wage rate has never been among the primary drivers of U.S. dollar’s inflation which occurs regardless if the minimum rate is or is not increased. The minimum wage rate has been more a victim rather than a cause of our dollars' reduced purchasing power. Respectfully, Supposn