I challenge you to support this remark

would still be a significantly lower rate of pay in real terms (factoring in inflation) than the minimum wage when I was a student.

I don’t know when you were a student but in:

1938 the minimum wage was $0.25 which would be $4.36 today

1950 the minimum wage was $0.75 which would be $7.98 today

1965 the minimum wage was $1.25 which would be $10.07 today

1970 the minimum wage was $1.60 which would be $10.66 today

1975 the minimum wage was $2.10 which would be $10.17 today

1980 the minimum wage was $3.10 which would be $10.15 today

1985 the minimum wage was $3.35 which would be $7.99 today

1990 the minimum wage was $3.80 which would be $7.57 today

1995 the minimum wage was $4.25 which would be $7.13 today

2000 the minimum wage was $5.15 which would be $7.69 today

2010 the minimum wage was $7.25 which would be $8.43 today

2019 the minimum wage was $7.25 which would be $7.25 today

I don’t see how your statement could be true.

Worst case a $15 minimum wage would be an almost 50% pay raise in real terms and on average a 100% real pay raise.

TEK