Quote:
Originally Posted by theking
President Reagan wanted to eliminate the minimum wage...as he felt small businesses would hire more people if they could pay them less.
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I was referring to congress when I was saying that nobody wanted to fix the issue. Reagan could only get re-elected once, congressmen have to run for re-election every two years....they're the ones who need either the financial support of the local business community, or turnout on election day from the working poor.
Hence, neither of them want to index minimum wage to inflation.