Markle, minimum wage rate’s purpose is reduction of incidents and extents of poverty among the working poor. It additionally bolsters the median rate. Due to wage differentials, the minimum rate affects upon the 40 percentiles of U.S. employees earning the lowest wage rates, range from critical to substantial.… Why do we have a Federal minimum wage? … Is the cost of living in Lake City, Florida the same as in the city of New York or San Francisco? ...
If lower wage rates are too low, it’s not possible to achieve a median rate of sufficient purchasing power.
Individual entities and their states’ economies can and often do net benefit from higher wage rate states, but lower wage states are economically of some net detriment to U.S. higher wage states. This is particularly the case between adjoining states.
The federal minimum rate is not a the uniformly effective minimum rate throughout USA’s 50 states, but they are not permitted to undermine the federal mineral rate with a lesser rate.
The cost of living is not uniform throughout the USA. That's why some state and their localities choose to enforce a higher minimum rate within their jurisdictions.
Respectfully, Supposn