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Reply to "Minimum Wage = Living Wage?"
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[quote=Anonymous][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. [/quote] Would we? I've read articles that indicated that when minimum wages are raised, there's not much of an increase in other wages (if any). And let's say there is some upward pressure exerted on other wages, would it be 1-to-1? Would people now making 100K/yr insist upon 120K/yr, for example?[/quote]
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