I keep encountering people who are obsessed with the minimum wage and who think if it is raised it will destroy the economy. (By the way, I've owned businesses in which I worked 60 hours a week but still couldn't hire anyone, so I know what minimum wages do).
Yet these OCD types don't understand the creation of the Federal Reserve Bank some 100 years ago the dollar has lost about 98% of its value through inflation. It got especially bad when Nixon went off the gold standard in '71, which means there were no brake on inflation at all. And Alan Greenspan, who was the worst head of the Fed ever, has really done a number on the value of the dollar.
They don't understand corporations are creations of the State and have the legal status of persons, and that the purpose of them is to use the power of the State to exploit everyone.
They don't understand the economy has at least doubled since 1980 but none of that increase went to workers.
They don't know wages peaked in January 1973 and have been flat and declining since then. And you can blame every bit of that on interference by government in the economy.
They don't understand the mean IQ is 100 and these people are not going to be retrained for high-paying jobs - which don't exist.
They don't understand that if wages had continued to rise as they had during the '50s, the average salary would be close to $100,000 a year.
They don't know that Wal-Mart and McDonalds are two of the biggest tax-money whores in the U.S. What both corporations do is called "privatizing the benefits and socializing the costs." They make the money and the taxpayers pay for medical and food cards and Section 8 housing.
They don't know massive immigration has lowered wages.
They know none of these things. All they know is the minimum wage.
P.S. I know a man who made $53,000 last year. The feds took out $9000 - and said he owes another $126. And people wonder why they're struggling economically.