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The minimum wage in the states is based off cost of living and is adjusted accordingly when prices overall go up. I know AZ just had a 30 cent minimum wage increase, and it's up something like 2-3 dollars from 10 years ago when I was 16.
Getting rid of it would cripple the economy. There are so many people making just minimum wage and barely getting by, if employers could pay less - they absolutely would to increase profits.
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