"Congress has not raised the minimum wage since 1997. The minimum wage is now at its lowest level in 50 years adjusted for inflation"
- Russ Carnahan
About this Quote
This quote by Russ Carnahan is highlighting the fact that Congress has actually not raised the minimum wage considering that 1997. This indicates that the minimum wage has actually been stagnant for over 20 years, and is now at its least expensive level in 50 years when changed for inflation. This is concerning, as it suggests that many people are having a hard time to make ends meet and are not able to stay up to date with the increasing cost of living. This is particularly true for those who are working base pay jobs, as they are not able to make sufficient cash to support themselves and their households. It is essential that Congress does something about it to raise the base pay, as it is vital for people to be able to earn a living wage and have a much better quality of life.
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"I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments"
