The current federal minimum wage is $7.25/hr, and has not increased since 2009. This current minimum wage has not been indexed with inflation and holds far less buying power than it did in the past. The cost of living has increased while the minimum wage has remained stagnant, making life exceedingly difficult for millions of Americans. By increasing the minimum wage we will also increase the buying power of the poor, which will help to stimulate the economy. It will also give millions of Americans the ability to drastically improve their quality of life by being able to afford access to better housing, healthcare, and food.
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