re: #148 Martinsmithy
I don’t recommend abolishing minimum wage laws entirely. There is a bottom level at which a wage paid is unconscionable. What that level is, I’ll let someone else figure out.
But it is a well-known economic fact that a higher minimum wage means fewer overall jobs. The attempts by some left-wing economists to debunk this basic economic tenet are feeble, at best.
If a minimum wage is below what is needed for a worker to eat, sleep under a roof, and have health coverage, the question becomes what use these overall jobs are.