Minimum Wage - ProCon.org
"The federal minimum wage was introduced in 1938 during the Great Depression under President Franklin Delano Roosevelt. It was initially set at $0.25 per hour and has been increased by Congress 22 times, most recently in 2009 when it went from $6.55 to $7.25 an hour. 29 states plus the District of Columbia (DC) have a minimum wage higher than the federal minimum wage. 2,561,000 workers (or 3.3% of the hourly paid working population) earn the federal minimum wage or below."
If it works so well, why would the government need to keep raising it again and again and again? Seems like a dog chasing its tail.
And in other news in 2015, protesters are saying that 20.00/hour is just not a living wage and they want to raise the minimum wage to 50.00/hour so that they can finally afford the 50.00 loaves of white bread they buy at the store.