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I think wages should be set based on the market, rather than by enforcing a minimum (or maximum) wage. Salary is roughly established by what the required skills are for the job, what society says a job is worth, and by what businesses are willing to pay.
So, if the mandated minimum wage is $10.00/hr, then what about those who currently make $10/hr because they have a job that was judged as worth more? Do they get an equivalent percentage boost in their pay? If everyone gets a boost in pay, then what does boosting minimum wage accomplish other than add to inflation? What about businesses that are just barely profitable? Do they go out of business because they can't afford to pay more? Do they lay off people and make those that are left work harder to pick up the slack?
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