Some “facts” about minimum wage:
A federal minimum wage was first set in 1938 at $0.25/hr
In 2009 the minimum wage was set at $7.25/hr.
Over the years, minimum wage has outpaced inflation!
What that means is if minimum wage was indexed to inflation,
in actuality it would have followed a lower rate. I guess
this Romney dude wants to screw the people at lower end of wage scale.
http://oregonstate.edu/instruct/anth484/minwage.jpg