Don't get me wrong, I am not against the minimum wage and $7.25(current minimum wage). The last time the federal minimum wage was raised was on July 24, 2009, when it rose from $6.55 to $7.25 per hour, the last step of a three-step increase approved by Congress in 2007. Before 2007, the minimum wage had been stuck at $5.15 per hour for 10 years.
But raise it to $15, that seems extraordinary and I believe will hurt most of all small businesses. The minimum wage was meant to be a living that I will agree when President Roosevelt signed it into law June 24, 1938.
Myth: The minimum wage was never supposed to be a living wage:
This is probably one of the most dangerous—and easy to debunk—myths about the minimum wage, which was championed by Franklin D. Roosevelt beginning in 1933. During an address FDR gave about one of his many economic salvation packages, he explained that “no business which depends for existence on paying less than living wages to its workers has any right to continue in this country.”
At the time, Roosevelt’s Fair Labor Standards Act of 1938—passed as part of New Deal legislation—set minimum wage at 25 cents. Roosevelt intended this rate to be “more than a bare subsistence level.” The minimum wage was created expressly to ensure that people of all skill-levels, if they worked, could “earn a decent living” off those wages—thus, a living wage. BUT that .25 cent an hour wage adjusted for inflation today would be $4.20 an hour.
Also living wage doesn't mean a living well wage , it's a starting point wage. I just do not agree that the minimum wage should be $15, $10 over several years. I do agree though the wage does need to be raised, it's been 7yrs since last increase..I would like to hear your comments.