Quote:
Originally Posted by BigBen
Minimum wages affect the market, and it is true that in an unregulated wage market, labour would be taken advantage of, ceteris paribus. There is much discussion about CEO's and their wage market, and how a healthy business should cap the CEO wage at 30 times the lowest paid employee. The janitor makes 20k? CEO only allowed to make 600k.
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That's an interesting question. If we are going to have wage controls why not look at them all. If 7.50 an hour is good, maybe 15.00 an hour is better and we can get the additonal money from those at the top. I am just kidding but who knows once we start down this path.
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