“The government has no business interfering in wages”
A government nearly $30 trillion in debt has a lot of “business” in seeing that wages go higher.
Your proposal is complicated, and completely glosses over fundamental economics: the result of minimum wage, and minimum wage increases, is unemployment—100% of the time. Your tinkering with the parameters only slightly changes the number of people thrown out of jobs.
These same mini “captains of industry” that lament any increase in the federal minimum wage have no problem with the 1.5 million LEGAL immigrants that flood the US job market every year....