Until leftists, including (R) leftists learn that, they will never fix the problem.
The proper solution is to get government OUT of the minimum wage business.
/johnny
We have a surplus of labor hence the decline or stagnation of wages. Yet, we keep on importing more than a million foreign workers annually.
Yup.
Delete the MW.
Ilegalls go away.
It is a price-fixing scheme, except it’s always the minimum instead of maximum as commodity prices are always fixed. Because we feel sorry for people not getting enough money.
It is against natural rights.
It depends on the meaning of what "is" is.
In economics, it is argued that price supports greatly distort the market. I'd say welfare is a price-support on wages that is separate from the explicit dollar amount of the minimum wage.
Someone on welfare can face a huge marginal tax if he/she works at a job, and be financially much worse off than if they didn't work, or just engaged in black market activities while still collecting welfare. So, practically speaking, there is a soft floor on the minimum wage that will attract workers.