"Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years"

This quote by Alcee Hastings is highlighting the truth that the Federal minimum wage is not staying up to date with inflation. This indicates that the acquiring power of the base pay has reduced over the last 50 years. This is a concerning pattern, as it implies that those who are making the base pay are unable to acquire as much with their incomes as they could in the past. This might result in an increase in hardship and inequality, as those on the lowest earnings are unable to stay up to date with the rising cost of living. It is very important that the Federal base pay is increased in order to make sure that those on the lowest earnings have the ability to manage the standard requirements of life.