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Reply to "Minimum Wage = Living Wage?"
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[quote=Anonymous]I find this entire line of reasoning to be extraordinary. If one raises the minimum wage to a level that is a living wage for those with minimal education and skills, one would presumably need to increase the salaries of those who have some educational attainment or skills. Once when starts to do this, we become increasingly out of line with some parts of the world and you'll see outsourcing and the movement of manufacturing jobs overseas become an even bigger problem. This is quite apart from the inflationary impact of increasing minimum hourly rates significantly. Let market forces determine what wages should be and those with the right education and/or skills should be compensated accordingly.[/quote]
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