Hi, are you a supporter of the minimum wage laws? People are arguing that it increases our standards of living, reduces poverty, inequality & boosts morale.  What do you think ?
I am still undecided about the issue. Removing minimum wages may allow for bad business practices, but minimum wages are always changing.
I know, right? But I cannot believe since 2009 the minimum wage nationwide is only 7.25 hourly.  Can anyone live on that?  No wonder we have so much income disparity.
Yes, it is a bit low. It would be hard to live on that.
Income equality in the US has been increasing significantly since the 70s.  The rich are getting richer.
Yes. I think I heard the USA is in the top 10 countries with the largest income inequality.
It's interesting to measure the US with different time periods, and other countries & economies to see the actual long term effects of other economies.
Yes, I agree. What do you think minimum wage should be?