Be sure to read. great article. The “YES” is tongue in cheek. My husband and i have always said that we should go back to the gold standard and removing it was disastrous.
The minimum wage in 1963 was over $15.00 per hour, so why not return to those rates? Let’s give liberals what they want and raise the minimum wage to $15.00 per hour and even more! So, how do we do this? Should Congress just vote to raise the federal minimum wage and let Obama sign it into law? Of course not, a federal minimum wage is flat out unconstitutional. There is absolutely no enumerated power in Article 1, Section 8 of the Constitution which allows Congress to legislate mandatory wages for employees.
Now that I appear to have gone completely bonkers, it’s time to explain. The minimum wage in 1963, setting aside its unconstitutionality, was actually $1.25. Adjusted for inflation, that is $9.49 in 2015 dollars. The current $7.25 minimum wage is equal to 92 cents in 1963 dollars. Inflation has gone out of control, because any time the federal…
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