Why do you think it is that the government has decreased the minimum wage since 1968?

The government has decreased the minimum wage since 1968 to prevent job losses, which will lead to a decline in capital investment and an overall smaller economy in the coming years, which will in return mean smaller overall family incomes. Also, if the minimum wage is raised, it will reduce companies' ability to keep labor costs low in case of a recession. The government has also reduced the minimum wage to prevent corporations from outsourcing jobs to countries with no existent or lower minimum wage standards. Therefore the minimum wage systems should not be used in isolation but should be designed to reinforce and supplement employment and other social policies. These measures and guidelines may include social transfers and pre-employment procedures to ensure a favorable environment for suitable enterprises.