Someone really smart like you sitting in the government should determine what someone gets paid.
The market of course cannot do that.
I would much rather trust a government bureaucrat than a market that drove this country to greatness.
What idiots do not understand is that raising minimum wage gives you more money to spend but you buy less. Just think, if we raised the minimum wage to say a 1,000/hr this would give you a lots of money to spend, but a loaf of bread would cost about 400 dollars, a gallon of milk about 350 dollars a gallon of gas about 400 dollars. The cheap shanty about 6 million dollars, you have a lot of money to spend but you can buy any more. Only idiots believe raising the MW is a good thing.
For those on a fixed income raising the MW is a disaster for them. Think about it.
checker if you had just said that raising the minimum wage creates more poor people and raising the minimum wage creates more rich people you would be correct.... When MW goes up the cost of goods and services goes up. The rich that own most of the goods and services will make their % of profit on the inflated dollar. Raising the MW does not close the gap between the rich and the poor.
Remember, the investor must make what he considers a proper profit on his investment to stay in business.....---below that and his money is taken off of the table. No jobs. As wages goes up the cost of goods and services goes up. ECON 101
That will happen regardless of the current wage base but it does create new job openings in robot repair. an increase in the minimum wage will increase demand for goods and services - guess what that is a job creator.
Did that happen to you John? If so, then you have had some experience. I hears that same excuse time after time when it was proposed to raise the minimum wage. You wingnuts are so dumb that you don't realize that automation has created thousands of other occupations.