That would only hurt businesses more.
And young people trying to enter the job market.
This is one issue where I agree with Libertarians: I don't think there should be a minimum wage at all.
And when people start talking about raising the minimum wage, I get sarcastic and suggest that we raise the wage to $75 an hour. Hey, we're going to get there anyway, some day, so we might as well get there sooner rather than later. After all, it never hurts anyone at all to raise the minimum wage. Raising it is always a win-win scenario. And we need to ensure that no one is ever "working poor."
I guarantee you there wouldn't be so many "unpaid internships" out there if it were legal to pay people $5 an hour.
Abolish the minimum wage and repeal Taft-Hartley so we get mass unionization negotiating with employers on a workplace by workplace basis.
