--- title: "Meaning & Key Takeaway of: Today, the Federal minimum wage purchases…" description: "\"Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less th..." image: "https://sms4smile.com/quotes/i/cbd/alcee-hastings-25349_any_today-the-federal-minimum-wage-purchases_2899237.png" --- # Today, the Federal minimum wage purchases less than it has… ![“Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years.” quote by Alcee Hastings](https://sms4smile.com/quotes/i/cbd/alcee-hastings-25349_any_today-the-federal-minimum-wage-purchases_2899237.png) [Download](https://sms4smile.com/quotes/i/cbd/alcee-hastings-25349_any_today-the-federal-minimum-wage-purchases_2899237.png) [Open image](https://sms4smile.com/quotes/i/cbd/alcee-hastings-25349_any_today-the-federal-minimum-wage-purchases_2899237.png) > “Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years.” [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The federal minimum wage has lost purchasing power, buying less than it did at any time in the past half‑century. **In simple terms:** Minimum wage buys less than before. Key Takeaway Advocate for wage adjustments to match inflation. Themes economics inflation labor policy wage stagnation Mood concerned urgent Type political analytical When to use this quote - budget planning - policy advocacy - union negotiations - personal finance Key Concepts macro‑economics cost of living income inequality Questions to Reflect On - How does wage stagnation affect low‑income families? - What policies could balance wages and job growth? A Different Perspective Raising wages may impact small businesses and employment rates. ★ ★ ★ ★ ★ No ratings yet [Any](https://sms4smile.com/quotes/about/any/) [Federal](https://sms4smile.com/quotes/about/federal/) [Federal Minimum](https://sms4smile.com/quotes/about/federal-minimum-2638034/) [Last](https://sms4smile.com/quotes/about/last/) [Less](https://sms4smile.com/quotes/about/less/) [Me](https://sms4smile.com/quotes/about/me/) [Minimum](https://sms4smile.com/quotes/about/minimum/) [Minimum wage](https://sms4smile.com/quotes/about/minimum-wage/) [Point](https://sms4smile.com/quotes/about/point/) [Purchases](https://sms4smile.com/quotes/about/purchases/) [Repeat](https://sms4smile.com/quotes/about/repeat/) [Than](https://sms4smile.com/quotes/about/than/) [Today](https://sms4smile.com/quotes/about/today/) [Today Federal](https://sms4smile.com/quotes/about/today-federal-4114035/) [Wage](https://sms4smile.com/quotes/about/wage/) [Wage Purchases](https://sms4smile.com/quotes/about/wage-purchases-4114034/) [Years](https://sms4smile.com/quotes/about/years/) ## Related quotes > [Full-time workers earning the current federal minimum wage of $7.25 only earn about $14,500 a year in wages - below the poverty line for…](https://sms4smile.com/quotes/anonymous/full-time-workers-earning-the-current-federal-minimum-wage-of-7-25/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The national minimum wage has not been increased in 9 years. By year's end, 21 States across America will have a minimum wage exceeding…](https://sms4smile.com/quotes/sherwood-boehlert/the-national-minimum-wage-has-not-been-increased-in-9-years-by-year-s/) [Sherwood Boehlert](https://sms4smile.com/quotes/author/sherwood-boehlert/) > [At the current $5.15 an hour, the federal minimum wage has become a poverty wage. A full-time worker with one child lives below the…](https://sms4smile.com/quotes/bernie-sanders/at-the-current-5-15-an-hour-the-federal-minimum-wage-has-become-a/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [My question becomes, 'If we want to empower people with higher pay, there are probably better ways to do it that are more enduring…](https://sms4smile.com/quotes/marco-rubio/my-question-becomes-if-we-want-to-empower-people-with-higher-pay/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [The state of Alaska has a minimum wage which is higher than the federal level because our state leaders have made that determination.](https://sms4smile.com/quotes/joe-miller/the-state-of-alaska-has-a-minimum-wage-which-is-higher-than-the/) [Joe Miller](https://sms4smile.com/quotes/author/joe-miller/) > [“Once you have hundreds of millions of dollars, it’s hard to know where to put it all. Art is transportable, unregulated, glamorous, arcane, beautiful,…](https://sms4smile.com/quotes/nick-paumgarten/once-you-have-hundreds-of-millions-of-dollars-it-s-hard-to-know-where/) [Nick Paumgarten](https://sms4smile.com/quotes/author/nick-paumgarten/) > [Expanding background checks will help create a uniform standard for all gun purchases and prevent criminals and the dangerously mentally ill from obtaining powerful…](https://sms4smile.com/quotes/gabrielle-giffords/expanding-background-checks-will-help-create-a-uniform-standard-for/) [Gabrielle Giffords](https://sms4smile.com/quotes/author/gabrielle-giffords/) > [“Who buys these?" I asked. "Who walks in here and says this, this is what I need?" "People who don't know what they need…](https://sms4smile.com/quotes/danielle-evans/who-buys-these-i-asked-who-walks-in-here-and-says-this-this-is-what-i/) [Danielle Evans](https://sms4smile.com/quotes/author/danielle-evans/) > [Illiquid asset purchases are all about capital and encouraging private capital to come in.](https://sms4smile.com/quotes/henry-paulson/illiquid-asset-purchases-are-all-about-capital-and-encouraging/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [Mint is designed to put your finances on auto-pilot. Whether you log in or not, it will send you a weekly summary of your…](https://sms4smile.com/quotes/aaron-patzer/mint-is-designed-to-put-your-finances-on-auto-pilot-whether-you-log/) [Aaron Patzer](https://sms4smile.com/quotes/author/aaron-patzer/) > [“Where I had felt a victim, I had become a determiner by recognizing I had choices. When considering a purchase, I stopped saying, "I…](https://sms4smile.com/quotes/oriah-mountain-dreamer/where-i-had-felt-a-victim-i-had-become-a-determiner-by-recognizing-i/) [Oriah Mountain Dreamer](https://sms4smile.com/quotes/author/oriah-mountain-dreamer/) > [The purchases I make are etnirley based on these articles.](https://sms4smile.com/quotes/rangler/the-purchases-i-make-are-etnirley-based-on-these-articles/) [Rangler](https://sms4smile.com/quotes/author/rangler/) > [As homeowners see the value of their homes decline, they become more likely to delay purchases of the big items - like automobiles, electronics…](https://sms4smile.com/quotes/charles-duhigg/as-homeowners-see-the-value-of-their-homes-decline-they-become-more/) [Charles Duhigg](https://sms4smile.com/quotes/author/charles-duhigg/) > [When we make purchases on credit, they give us only an illusion of prosperity.](https://sms4smile.com/quotes/joseph-b-wirthlin/when-we-make-purchases-on-credit-they-give-us-only-an-illusion-of/) [Joseph B. Wirthlin](https://sms4smile.com/quotes/author/joseph-b-wirthlin/) > [Women now influence the majority of consumer purchases. It is women's votes that will secure victory at the next election, hence the altogether delicious…](https://sms4smile.com/quotes/allison-pearson/women-now-influence-the-majority-of-consumer-purchases-it-is-women-s/) [Allison Pearson](https://sms4smile.com/quotes/author/allison-pearson/) ## More by Alcee Hastings > [If today is anything like the typical day of the past 3 years, three American soldiers will die in Iraq or Afghanistan, the Taliban…](https://sms4smile.com/quotes/alcee-hastings/if-today-is-anything-like-the-typical-day-of-the-past-3-years-three/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Today, barely 5 percent of all containers coming into the United States through our ports are scanned.](https://sms4smile.com/quotes/alcee-hastings/today-barely-5-percent-of-all-containers-coming-into-the-united/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Disaster management should be coordinated by the federal government, .. It is our exact responsibility.](https://sms4smile.com/quotes/alcee-hastings/disaster-management-should-be-coordinated-by-the-federal-government/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [I find it difficult to believe that God would want us to strip the courts of their powers to interpret the laws of this…](https://sms4smile.com/quotes/alcee-hastings/i-find-it-difficult-to-believe-that-god-would-want-us-to-strip-the/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Nearly 60 years ago, the international community made a commitment to put an end to the crime of genocide by ratifying the United Nations…](https://sms4smile.com/quotes/alcee-hastings/nearly-60-years-ago-the-international-community-made-a-commitment-to/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Unprovoked attacks on Israel's borders, murdering Israeli soldiers, taking Israeli hostages and showering rockets targeting and killing Israeli civilians are not furthering any legitimate…](https://sms4smile.com/quotes/alcee-hastings/unprovoked-attacks-on-israel-s-borders-murdering-israeli-soldiers/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Not just Christians and Jews, but also Muslims, Buddhists, Hindus and the followers of many other religions believe in values like peace, respect, tolerance…](https://sms4smile.com/quotes/alcee-hastings/not-just-christians-and-jews-but-also-muslims-buddhists-hindus-and/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [If Americans want to see results instead of rhetoric, if taxpayers would like solutions instead of sound bites, and hard work instead of horse…](https://sms4smile.com/quotes/alcee-hastings/if-americans-want-to-see-results-instead-of-rhetoric-if-taxpayers/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [The Middle East is literally going up in flames, as is California, and Katrina's problems haven't been solved, and Congress' response is to criticize…](https://sms4smile.com/quotes/alcee-hastings/the-middle-east-is-literally-going-up-in-flames-as-is-california-and/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [There ain't no rules here, we're trying to accomplish something...All this talk about rules...When the deal goes down...we make 'em up as we go…](https://sms4smile.com/quotes/alcee-hastings/there-ain-t-no-rules-here-we-re-trying-to-accomplish-something-all/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Yesterday in this country we had people die of hunger and malnutrition. In some parts of this country, the infant mortality rate rivals that…](https://sms4smile.com/quotes/alcee-hastings/yesterday-in-this-country-we-had-people-die-of-hunger-and/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Usually, it is not my habit to address religious issues on the floor. I strongly believe in a person's right to religious freedom, as…](https://sms4smile.com/quotes/alcee-hastings/usually-it-is-not-my-habit-to-address-religious-issues-on-the-floor-i/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [Given the fact that most religions share basic values, it is most unfortunate that religious people can be played off against each other so…](https://sms4smile.com/quotes/alcee-hastings/given-the-fact-that-most-religions-share-basic-values-it-is-most/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [I am thankful for our democracy, liberty, and prosperity, and that so many Americans have dedicated their lives to improving our country and our…](https://sms4smile.com/quotes/alcee-hastings/i-am-thankful-for-our-democracy-liberty-and-prosperity-and-that-so/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) > [The actions of the terrorist organizations, Hezbollah, in Lebanon, and Hamas, in Gaza, against Israel are unconscionable. Instead of working towards peace, these terrorist…](https://sms4smile.com/quotes/alcee-hastings/the-actions-of-the-terrorist-organizations-hezbollah-in-lebanon-and/) [Alcee Hastings](https://sms4smile.com/quotes/author/alcee-hastings/) [Explore all 23 Alcee Hastings quotes ](https://sms4smile.com/quotes/author/alcee-hastings/) ## More Any quotes > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [At the very beginning, I was a page at Letterman, and I freelanced for any place that would let me write any word. 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I didn't even see a bathtub, running water, hot water, commode - we didn't have any of that.…](https://sms4smile.com/quotes/phil-robertson/we-were-so-poor-as-kids-i-didn-t-even-see-a-bathtub-running-water-hot/) [Phil Robertson](https://sms4smile.com/quotes/author/phil-robertson/) > [We earned any fans with the way we play.](https://sms4smile.com/quotes/jimmy-white/we-earned-any-fans-with-the-way-we-play/) [Jimmy White](https://sms4smile.com/quotes/author/jimmy-white/) > [Hard work and a good education will take you further than any government program.](https://sms4smile.com/quotes/aaron-schock/hard-work-and-a-good-education-will-take-you-further-than-any/) [Aaron Schock](https://sms4smile.com/quotes/author/aaron-schock/) > [Anyone who's read my 'Terror in the Skies' series knows that I have not been writing with an eye toward approval from any government…](https://sms4smile.com/quotes/annie-jacobsen/anyone-who-s-read-my-terror-in-the-skies-series-knows-that-i-have-not/) [Annie Jacobsen](https://sms4smile.com/quotes/author/annie-jacobsen/) > [The system in Germany is different, as you sign up with a company for two or three years, and you work exclusively with them;…](https://sms4smile.com/quotes/tom-wlaschiha/the-system-in-germany-is-different-as-you-sign-up-with-a-company-for/) [Tom Wlaschiha](https://sms4smile.com/quotes/author/tom-wlaschiha/) > [I'm writing about real things. 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