Minimum wage did not keep up with cost of living, and now everything went up again in the last year, and wages still haven't increased. This is also to account for purchasing power that has been lost over the last 60 years. The purchasing power of one single dollar in the 1970s was equivalent to spending about $8 today in 2023, so while the minimum wage of about $12 is roughly equal to the ~$1.60 minimum wage of the early 1970s adjusted for inflation, you could get more out of that $1.60 than you can from a $15-$20 /hour job today. That's where the $33-$37 number comes from. Of course the price of goods and services will go up again, just like they did recently, except all these companies keep reporting record profits, so it's all a bunch of b-u-l-l s-h-i-t !
Of course, no one should settle for minimum wage job. However, minimum wage was designed to create a minimum standard of living to protect the health and well-being of employees. $15 / hour won't cover your rent, food and other living expenses in most states.