we've done this argument before, i end up posting the BLS stats next to min wage stats, min wage keeps coming out ahead, and then you cry.
let's save the tears this time around, kiddo.
I never said they weren't slightly better off, but they're still poor. We consider teachers to be low wage earners, here they make less than 30k starting out. I'm not sure if there are enough hours in a week for a 10/hr employee to hope of making $30/k.
So, I'll accept that they would be marginally better off, but they would still be poor. You seem to think raising the wage to $10/hr would make all problems go away.
You are attacking this problem from the wrong end, kiddo.
When one thinks of what Americas golden years were, the 1950s and 60s come to mind. Our top marginal tax rates were so high then we had a de facto maximum wage. Sure, there were some other things at play, but essentially, it would work the same today.
Most families at that time had one income earner, and their purchasing power was comparable to today.
Imagine a board meeting at corporate hq then and now.
"gentlemen, we have 100 million dollars in profit to decide what to do with."
Today - bonuses for upper management, and maybe some dividends to keep the stockholders happy. Maybe we could expand.
Then - expand business, bonuses for employees.
The difference, back then the executive officers were probably close to the top bracket, anything they gave themselves extra, the government got 90% of it, today, the government gets at most 39%. back then, the major stock holders were in the same position, so dividends to please major stock holders weren't as common.
Tl/dr, raising minimum wage does very little, let's get back to a maximum wage.