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ace - well stated, probably one of the better statements I have heard/read regarding the minimum wage debate.
Side Note: There is a corresponding increase in unemployment for every increase in the minimum wage. By raising it, you esentially put more people out of work. Something is better then nothing. Labor is a product and, thus, follows the rules of supply and demand. The lower the price for the "product" (in this case: Labor) the more "buyers" (i.e. employers) for this "product." As the prices for said "product" increase, there will be fewer and fewer "buyers" of the "product".
Minimum wage was never meant to be a "living wage". Minimum wage is for unskilled, untrained, entry-level workers. You would have to more then double the minimum wage for it to be liveable. That would be like selling milk for $20.00 a gallon, no one would buy it and everyone would seek substitutes (i.e. outsourcing).
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