Back in 2008. He had said he was going to raise the min. wage to $9.50 by 2011. Its 2013, and still nothing. And will cont. to raise the min. wage every year base in inflation.
The value of the minimum wage has fallen sharply over the past forty years. In 1968, for example, the federal minimum wage was $1.60 per hour, which translates to approximately $10.59 in this year (2013).
The richer gets richer, and the poorer gets poorer.
Also, if people make more money, then the gov. gets more money in taxes.