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It is a simple cost of living adjustment. We should not be subsidizing capitalists with "cheap labor" in our first world economy.
Do you not understand? Go ahead, make the minimum wage $30/hr and those people are just unemployed rather than paid a wage lower than makes you feel better. US business cannot be globally competitive with unsustainable wages. This ain't 1954 anymore where we are the only game in town. Look at how much GM/Ford struggle because their cars have about $2-3k of additional labor costs compared to Jap/Korean cars.