Alcee Hastings: Minimum Wageless

Posted by admin on Tuesday, April 6, 2021

Alcee Hastings Money Quote saying the minimum wage has not been increased for far too long and purchasing power for those earning that wage is horrible. Alcee Hastings said:
 
Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years Quote
 

“Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years” — Alcee Hastings

 

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In this quote, Congressman Alcee Hastings is strongly criticizing how little purchasing power the federal minimum wage currently provides compared to past decades. He emphasizes that the minimum wage, which is meant to be a living standard, has steadily lost value and buying capability over the last 50 years despite no adjustments by Congress.

Hastings seems to be implying that minimum wage workers effectively earn less than ever before due to inflation and cost of living increases not being factored into wage stagnation. Overall, the quote conveys Hastings’ view that the minimum wage is outdated and inadequate for supporting basic needs, having declined substantially in real terms against a half-century of economic changes.

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