The. You were referring to was in the 1950 / 60s where periods of inflation did effectively repeal the minimum wage law of 1938. Dr Thomas Soul talks about this extensively. In in Florida the prevailing wage in most Industries is well above that 8.46 dollars that the minimum wage is currently set at even indexed to inflation. My wife is having a heck of a Time retaining employees at two and a half dollars more than that. And that also does not negate the fundamental underlying economic reality that when you over price labor artificially with no direct correlation to an increase in economic capacity of the employee you fundamentally cause unemployment. The greatest driver of positive wage pressure is the increase in the amount of suppliers and competition for underlying labor not government Fiat!

As for the diminished economic impact of children I guess the 60 million children that were aborted since the legalization of abortion were because breastfeeding is politically incorrect as opposed to the potential economic drag of rearing a child in a modern economy. Granted it's going to direct one-to-one correlation the greatest contributing factor is the modernization and complexity of the modern economy that requires ever and ever more complex actions even at the lower end of the labor distribution but that doesn't negate the fact that in instances where children are viewed as an economic positive or economically neutral there is a diminished incentive to abort a child then if a child is a pure economic drag.

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