minimum wage is not meant to pay for tv air conditioners etc.it is and always has been meant to pay just enough to put food on the table, and to pay the rent,but right now that is not possible because the minimum wage has not been and inflation has made it no longer a living wage.
minimum wage is literally the minimum amount of money you need to live.hence a living wage.look i myself am conservative,but to say that paying people less then what they need to just live is socialism is morally and logically wrong.
"History of the federal minimum wage and the Fair Labor Standards Act of 1938. The concept behind the FLSA began in the 1930s as a response to the Great Depression, a time when about 25% of workers were unemployed, people lost their life savings due to bank failures, and many struggled to secure housing and food." directly from the front page of google.