DGS49, I’m among the proponents for gradually increasing the federal minimum wage rate until it achieves no less than 125% OF ITS February-1968 peak purchasing power: thereafter it should be annually monitoring and updated to retain no less than that value.
In February-1968, the minimum rate was increased to $1.60 per hour, its historically highest value of purchasing power. That increase, (as had all minimum rate increases) was of some improvement to our nations’ economic and social wellbeing, but it was not of a particularly huge boon to our nation’s working-poor.
If the minimum rate’s purchasing power would have been continuously increased, our nation’s economic and social wellbeing would also have been continuously improved. But our U.S. Congress permitted the rate’s purchasing power to be reduced, and to the extents of those reductions, our economic and social wellbeing was less improved than otherwise.
I suppose (as you do), the minimum rate can be without sufficient notice, increased too rapidly or to too great of an extent. We often observed too much, or too fast introduction of a good thing can have detrimental consequences. My experiences and observations in 1968 lead me to believe that gradually increasing the minimum rate to reach the 125% of more than a half century ago, would not even approach detrimental consequences. Respectfully, Supposn
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Such dumb stupid left-wingers. You people never figure out why every country you are in charge of, turns to crap. Look at yourself in the mirror for once, and see why we're all better than you. Because that's the truth. We are just all flat out better people than you could ever hope to be.
