“It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.” YearsLastsHoursLevelsRecordsLowsIncreaseRaisedCongressCurrentsMinimumInflationMinimum WagePurchasingLow LevelPurchasing Power Author:Jon Corzine
“The reality is that nearly 80 percent of the world's purchasing power lies outside the United States, and if we don't tap those markets, others will.” IfsWorldStatesRealityLyingUnitedUnited StatesPercentPurchasingPurchasing Power Author:John Hoeven