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Yes, what I was implying is that I suspect it's already too low. Basically, you often get policy proposed (usually by bleeding-heart do-gooders) that's really progressive for its time. People then campaign for it with some determination without updating the demands. As time slips away, the proposal becomes more and more dated, and when it's finally adopted, e.g. by a conservative like Biden, it may already be obsolete and for true change, it should have been increased to $20 or $25/hour. I'm not saying it's a bad thing in itself (it's obviously going to help, if it actually gets paid, which experience of the minimum wage in the UK has shown it often does not, and I guess in the US, too, there would have been people well under $7.25), but you'd expect it to be in place for quite a long time now without further increases, and to only be increased when it's (again) too late. I hope I'm wrong, but sadly, that's usually how these things go.
That is grim.