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Livable Wage
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Only problem is that when the minimum wage goes up, so do all prices. Because more people have more money, businesses can charge more, and the money quickly inflates to the point where minimum wage will be worth just as much as it was worth not long before. It's irrelevant how much we raise minimum wage- it'll always buy the same amount of products. In the current system, it's likely impossible to ensure that those working for minimum wage will ever get a livable income.
The minimum wage being half of what it should be scaled to due to inflation certainly doesn't help things.
Well the problem is that the minimum wage itself causes the inflation that devalues it so greatly, because the market adjusts to it so it can charge the same level. The only way to prevent it is to either set prices (which would cause shortages) or maybe distribute basic resources for free (like medicine, food, minimal shelter, etc.)
There's always going to inflation because debt exponentially increases and can never decrease unless its magically absolved. Starving people by letting the minimum wage sit in one spot isn't going to fix anything.
Last I checked minimum wage should be scaled to about $15 now. Hell, I'd probably be a bit more enticed to find a job if the minimum wage was at least $10. It's not like I or anyone else would even get to keep all of that $10 either.
The prospect of effectively earning about maybe $6-7 isn't exactly enticing. It really isn't a wonder why people try to mooch off disability or unemployment benefits.
This isn't a matter of inflation- and of course, the minimum wage must be updated to account for inflation- yet separate from inflation, if minimum wage rises, prices rise too. While letting people sit and starve solves no problems, honestly rising minimum wage doesn't help much either (except to account for inflation), because the market just demands higher prices in response. When all people have more money, the corporations can charge more money, and thus the true value of minimum wage income falls back to where it was originally.