So which is better.. Having maybe 3 million or more employed people paying Medicare/SS or 3 million people receiving $250/week in unemployment benefits? By eliminating minimum wage In 2010 Among those paid by the hour, 1.8 million earned exactly the prevailing Federal minimum wage of $7.25 per hour. About 2.5 million had wages below the minimum.2 Together, these 4.4 million workers with wages at or below the Federal minimum made up 6.0 percent of all hourly-paid workers. Minimum wage workers tend to be young. Although workers under age 25 represented only about one-fifth of hourly-paid workers, they made up about half of those paid the Federal minimum wage or less. Among employed teenagers paid by the hour, about 25 percent earned the minimum wage or less, compared with about 4 percent of workers age 25 and over. (See table 1 and table 7.) Now there are 27.1 million teenagers from 15 to 19 that are unemployed! Easily 3 million or more jobs would be open if the minimum wage was competitively based.. i.e would you work for $1/hour.. $3/hour??? Let the market set the wages... All of a sudden businesses especially minimum wages could lower THEIR prices and economy begins to grow and those out of work.. paying in! Which is better then paying OUT or 3 million more paying in???