To set the context, in 2007, the Republicans in the Senate were using all sorts of parliamentary maneuvers to prevent a bill from reaching the floor for a vote--the bill raised the minimum wage to $7.25 per hour (TEH SOCIALISMZ!!). It gets really good around 4:00.
Of course, I'm sure there are GOPniks who will claim that "Teddy didn't want" a livable wage...
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Brendan Nyhan links to this hilariously bad graph from the Wall Street Journal:
It's cute how they scale the black line to go right between the red and blue lines, huh? I'm not quite sure how $7.25 can be 39% of something, while $5.15 is 10%, but I'm sure there's a perfectly good explanation…
Yes, that the RepubiCANT party - obstructionists, racists and only for the wealthy.
And oddly, my first thought was of Teddy Roosevelt; who, as a progressive, probably would have supported one. However, minimum wage laws were new and state level experiments during his presidency; federal minimum wage was his cousin FDR's handiwork circa 1938. And the Republican Party have pretty much disowned the Progressives since then....
It's greed all the way down.
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The Dems have controlled Congress most of the time for a long time. Why have they not indexed the minimum wage? There is no reason for it to remain a political football, subject to debate time and time again, because it has not kept up with inflation or average income.