Why shouldn't the min. wage have the same buying power now as in 1970?

There shouldn't be a min wage. If you're a good worker you'll make good money. If not, the opposite will be true.

When we had it THAT GOOD we protested a LOT!!!

WE WERE POLITICALLY ACTIVE!!

The 1% feels best if we DON'T TALK BACK!!!

They KILLED MLK, too.

Like Gwyneth Paltrow said!!-- When they can HEAR US- it's like a war!!

They like ONE WAY communication!!

um..... maybe because the DOLLAR itself doesn't have the same buying power?

honestly..... is there any room in school these days for old-fashioned subjects like history and economics... or is it just dogma and that self-esteem stuff?

A higher minimum wage can result to the following:

-fewer employees

-lesser hours for current employees

-increase in prices of products or services sold

-greater purchasing power for workers with the revenue going back to businesses they patronize and products or services they avail of or purchase

In relation to the minimum wage battle, here's an interesting report: http://bitly.com/1n4lqIa.

The minimum wage is designed for teenagers and people with no skills but provide a rudimentary unskilled service.

It's not for earning a living supporting a family and so on.

It's a training wage and if you want a better wage you get a skill level that deserves better.

Want to earn more money work a second or third job especially something others don't want and you'll find the money and the hours .

Because in 1970 there were not an additional twelve million people who came here to compete for the unskilled labor positions. It's a simple law of supply and demand. Raise the minimum wage to $15 per hour and there will be 40 million more unskilled laborers here, in addition to the ones who are born here.

I think the minimum wage should be what the employer and the employee agree is a fair exchange for time and energy expended, and what it takes to replace a worker in a particular position. That's what the minimum wage should be based on, not on any other factors. I go to my employer and ask for a raise and he tells me no and so my next move is to go to the government and have them make my employer give me a raise? There is economic mobility in the U.S. and people can work themselves up from being a fry cook at McDonalds to being an accountant at McDonalds and thus enter the "investing" and corporation classes.

It depends on the area you live in. In Democrat states, the dollar has less buying power because of over-regulation and high taxes.

But, in the nicer Republican states, a minimum wage job will get you much more.

Because times change. Get with the times

I think you have no idea why the rich are getting richer, while the poor get poorer.