The federal minimum wage was brought into effect in 1938 at $0.25 and saw a rise periodically. The actual fluctuation was seen in 1968 at $1.60 due to inflation. President Barack Obama has now proposed the minimum wage to be increased from $7.25 to $10.10 per hour which would raise 900,000 Americans out of poverty, but 500,000 jobs will be at risk. Conservatives believe that raising the minimum wage...