The issue of increasing the minimum wage is a hot topic for both liberals and conservatives. The liberal position is to increase the minimum wage to $15 an hour. This is not realistic, and it does not square with the minimum wage data from 1960 to current times adjusted for inflation. In 1960 the minimum wage was $1 an hour.
Given inflation this translates to $8 an hour today. The current federal minimum wage is $7.25. Assuming 1960 as a base, the current minimum wage is insufficient, but the $15 an hour increase would be a 50 percent increase above inflation.
There is a bigger issue here, however, and that is a minimum wage adjustment rule that is independent of political nonsense and shenanigans. Assume 1960 as a base minimum wage. Adjust minimum wage by the federal inflationary index every five years. The current process is not rational. It is political and detrimental to the interests of all American workers.
Jonathan E. Walker
Coral Reef Drive