Macai
I do not believe a minimum wage is necessary, and it may even harm things.
In some governments, instead of having minimum wages, they have strong unions. This means the companies can demand that people work hard, and at the same time the unions can demand that the laborers get decent pay.
In a system with a minimum wage, companies can just pay that minimum wage and then say that it's "fair." Also, in our present system, our labor unions have weakened, making things harder on the worker.
So once more, promote citizen-run unions over government controlled economy.
In some governments, instead of having minimum wages, they have strong unions. This means the companies can demand that people work hard, and at the same time the unions can demand that the laborers get decent pay.
In a system with a minimum wage, companies can just pay that minimum wage and then say that it's "fair." Also, in our present system, our labor unions have weakened, making things harder on the worker.
So once more, promote citizen-run unions over government controlled economy.
The problem with that policy is that not only will it discriminate against employers who actually pay the wages by reducing the profit share but it will also reduce aggregate production as well.
If that is what you really want, then you should throw your weight behind such a policy, otherwise you should just let the market set the wage level.
