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Reply to "Minimum Wage = Living Wage?"
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[quote=Anonymous]What exactly is a "living wage"? What sort of housing, transportation, food, entertainment, child care, etc should be factored into a living wage? If raising the minimum wage to what is a "living wage" for those who flip burgers, etc should occur there would likely be an effect on the compensation paid to other occupations and professions which entail more education and skills with a corresponding effect on inflation as companies raise prices to make up for the higher compensation. You can be sure that would result in more outsourcing of jobs that can be outsourced. We have lost a lot of manufacturing and other jobs that have shifted overseas. Do we want to see more of a trend in that direction? You can be sure that will happen if the minimum wage was increased significantly. I would not blame any company for doing so. After all, we live in a global economy so why would it be a surprise if that should happen?[/quote]
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