Minimum wage is not based on a fair market, within reasonable bounds. I remember when minimum wage went from $5.15 to $6.25 in Louisiana in 2008, it's now $7.25

Minimum wage is not based on a fair market, within reasonable bounds. I remember when minimum wage went from $5.15 to $6.25 in Louisiana in 2008, it's now $7.25 in Louisiana. You could get a lot more in 2000 for $5.15, than you can in 2020 for $7.25, and Louisiana is one of the cheapest places in the US to live.