Let me lead off with, I am a moderate Republican. I have always voted for the party but don't always agree with everything a republican says. I am usually turned off by Democratic social issues which has kept me voting Republican.
Now, the issue has been touched on some in this thread but hasn't been stated exactly. The issue is America has developed, over time, into a work force that requires too many "low level" employees. This is just one example but consider this:
last year was the first year in our history that Americans spent more money at restaurants than at the grocery store. Sounds harmless but think about that. The number is 700 BILLION dollars was spent on food that wasn't made at home. That number was 600 Million in 1985. In percents, it was 50.4% LY vs. 23% spent eating out in 1985. That change is an enormous change in culture. Think about the low level labor that requires. And we aren't talking about the upper class here. Everyone across all classes is eating out.
Edit: there is a strong argument that eliminating food stamps and EBT would actually promote smarter spending from the families that currently qualify. And more money would be spent on healthy items at the store. Not all families spend poorly but I work in the grocery business and you all would be appalled at what is spent with EBT $. For example more units of shell fish and beef sold last year with EBT than comparably portioned chicken. Which means more money was spent on less tonage of expensive meats than tonage of affordable meats. And don't get me started on how much money was spent on Frappacinos made in in-store Starbucks kiosks. Yes cold drinks can be purchased with EBT.
I am of the mind that we have changed too quickly as a culture and are dealing with very difficult issues as a result. I am all about women in the workforce but the desire to have a 2 parent income is having massive effects. (My wife and I both work). It's almost necessary to do this for millennials for a number of reasons but the main reason is lower average wages across all US jobs below executive levels.
The food industry is just one example but a huge one. You can apply this logic to entertainment as well. I don't know the numbers on cellular data either but I would imagin we spend a butt load on all things data and not all of that money stays in the US. Could be wrong on that though.
I am of the belief that Americans need to focus on providing a service/goods globally for long term success. We need to stay on the cutting edge of development (not just Tech) to tap into a global market to bring more demand for American products and services. Every outsourced job has an effect on American $$. Whether it's a low level telecom job or better paying manufacturing/tech/IT job, every position filled outside of the US has an effect. Do I think we need to regulate from a government level? NO. Is all outsourcing bad? NO. But as Americans, we should be conscious of our spending and companies we do business with at a family level.
It is sad that Americans have to work 40-50 hours (most retail and restaurant are 50) a week and can't support the "American Dream". If Susie and Johnny have to work 50 hours per week, then who is raising Billy? Daycare...and that costs money. Who is cooking? McDonalds...and that costs money.
I think there is some merit to the idea. A FT job should support a family but I don't think raising the minimum wage does anything except create inflation. We need to attack this issue on a different front. People are spending frivolously and we are allowing other nations to profit on our stupidity. Teach your kids to be responsible and you can be part of the solution.
End rant.