The chart above shows the minimum wage since 1968 in 2014 dollars. The minimum wage had its highest buying power in 1968, when it was equivalent to a 2014 wage of $10.75 an hour. In 2014, that wage was only $7.25 an hour -- and today its buying power is even less than $7.25 an hour in 2014 dollars.
That is far below a livable wage (which most put at about $15.00 an hour). The current minimum wage, and wages close to it, condemn millions of workers to live in poverty. These are not lazy people. They are people who work hard. They simply are paid a poverty wage by their employers.
Many of the families supported by these hard-working, but low-wage workers, must receive government benefits to eke out even a subsistence living level. That means the taxpayers are subsidizing the wages of those employers (many of whom, like Walmart, are making many billions in profit).
It is wrong for employers to pay a poverty wage, and expect taxpayers to subsidize their employees so they can make larger profits. All businesses should pay their workers a livable wage.
That won't happen as long as the Republicans remain in power. They refuse to raise the minimum wage at all -- let alone to a livable wage. And some of them would like to abolish the minimum wage, and let employers pay even less than current wage (which is a poverty wage). To justify their defense of greedy employers, the GOP tells several myths (LIES!) about low-wage workers.
Here, from Mary Babic at Oxfam, are the lies the GOP most often tells: