If we got rid of it, would wages go up or down? Would employers pay two dollars an hour, or would there be an increase in jobs so that it went up to $10?
I understand the minimum wage is just a band-aid and solves nothing. Some businesses can pay more - and others would go out of business.
I would be for getting rid of the minimum wage if we got rid of the Federal Reserve Bank and returned to sound money without any inflation, if about 80% of the government was closed down, if Big Business corporations were not given special privileges so they can exploit workers (a corporation has the legal status of a person).
I occasionally run across spergs (as in Aspergers) who think they understand economics and are obsessed with getting rid of the minimum wage. But they don't understand economics at all.
Years ago a friend of mine in college worked in a "right to work" state and got a job as a security guard. He was paid two dollars an hour - and at the time the minimum wage was about five dollars an hour.
When I asked him if there were any high-paying jobs in that state, he told me "No." But with the minimum wage gone and the "free market" triumphant, shouldn't there be an increase in high-paying jobs?
The last time I checked, the average age of someone making minimum wage was 35 years old.
I know quite a few people making minimum wage. Lots of middle-aged people with low IQs. They aren't going to retrain for higher-paying blue-collar jobs, which don't exist anyway. They're stuck in these jobs for the rest of their lives (I know some of them who ride bikes to work because they can't afford a car).
I also know low-IQ 18-year-olds making minimum wage. Some are high-school dropouts because they couldn't do the work and couldn't stand being in school.. They aren't going to retrain for non-existent high-paying jobs, either. God knows what they are going to do.
When people tell me there would be an increase in high-paying jobs if we got rid of the minimum wage, my answer is, "Prove it." They never can. All they can do is babble bad economic theory. They can show no empirical evidence.
All the adults I know making minimum-wage are also on welfare. They get food cards and go to food banks and get help for their utilities. In other words, they're a parasite on taxpayers.
I've heard this called "privatizing the benefits and socializing the costs." Businesses, if the government lets them, shove their costs onto taxpayers.
What's possibly coming? Living in cinder-block apartments, four to a room?
Unless something is done about this, the United States is heading toward Third World status. But we'll never get there - something will happen long before that happens. It's getting to the point everyone hates the government - which is why Donald Trump is so popular.
For that matter, I want the Democratic and Republican parties utterly destroyed. That's a first step to making this a better country.