This seems like a good place to ask this question of the statutory minimum wage proponents:
What is your objection to basing a worker's wage solely upon what that worker's work is worth?
Worth to whom? Is the buck or two an hour that some factory worker in China gets a valid determination of what his work is worth?
Does that means every factory worker anywhere else in the world making more is overpaid?
What are you going on about? China? WTF?
If you have an answer you're not comfortable sharing, don't distract--the question is simple and straightforward:
What is your objection to basing a worker's wage solely upon what that worker's work is worth?
Who determines "worth", and is this just one sided? It's a VALID question that we have been asking you, yet you won't answer it?
my answer to your question is that it will drive wages down farther than they already are, if you think ONLY the business has the right to determine "worth" of a human being or the job they do for the employer....the employer by nature, will always want to pocket more money for himself if he is the only one determining worth....that's not capitalism... Can the future employee examine his possible employer's books to see what he feels he would be worth to that company for the established work that he would be doing and negotiate with such info? Employees are already at a disadvantage in negotiating salaries.
Sure, yeah, blah blah blah, the employee can choose not to work there and go work somewhere else 40 miles from his home if he doesn't like it crapola,
we might as well live in the age of slavery again....when all the power is in the hands of one, the employer or master...and that is simply WRONG, for the country.