Apparently Jim Bryson and his ultra-conservative co-hort didn't have the heart to stand up to successful House arguments made by Democrats that jobless rates dropped only slightly after the minimum wage hikes of 1991, 1995, and 1997. Nor did they have the fortitude to deal with the facts like:
- The buying power of the $5.15 wage has eroded to $4.73 today; nonetheless, Tennessee offers many tax breaks and incentives to help "bid-ness."
- Thanks to inflation, the current minimum wage buys a fraction of what past lower minimum wages bought. For instance, according to the Daily Plan,
in 1968, the federal minimum wage was $1.60 per hour-- or if adjusted for inflation -- $9.16 per hour. Yes-- almost forty years ago, the minimum acceptable wage in this country was over $9 per hour. But the federal minimum wage has been allowed to collapse down to just $5.15 per hour.