right. I actually meant $1,000/hr. What a joke. Don't people understand basic economics? I worked for minimum wage of $3.45/hour as a kid and was thankful for the job. Raising the minimum wage only hurts those on the bottom rungs of the economic ladder but taking jobs away from them and encouraging businesses to cut costs with technology.
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"Raising the minimum wage only hurts those on the bottom rungs of the economic ladder"
I think this is the point that most MW advocates simply ignore or don't understand. Labour has a price like anything else, and if you price it too high, as you say - you are removing the bottom rungs out from the Economic Ladder. I mean, why would an employer hire an immature, 16 yr old high school kid when he could hire a relatively mature 26 yr old college grad w/ life and work experience for the same price? There's just no comparison. You obviously get way more bang for your buck w/ the latter.