Originally Posted by
Laize
Once upon a time the minimum wage did provide a living wage. Continual increases keep it over a living wage, but accelerate inflation. 100% of goods produced in the United States attribute their costs to labor or profit (Which is merely what corporate owners deem their labor worth). This means that the minimum wage starts off pretty awesome. In 5 years or less, though, minimum wage is right back to being a shitty, rock-bottom job that can't pay rent.
Because there's nothing that can be done to fix it.
The bottom is always going to be the bottom and no amount of price-fixing (Which is all the minimum wage is) will change that.
Libertarian think tanks routinely find, in their studies, that Unions, rather than the poor, benefit more when the minimum wage increases.