[supercat]

When you "legislate" a living wage you just drive out businesses.

A legislated minimum price for something means that if its market value falls below the minimum price, it becomes almost completely worthless. Price floors thus have the opposite of the claimed effect.

[Reaganwuzthebest]

A legislated minimum price for something means that if its market value falls below the minimum price, it becomes almost completely worthless.

True, which is why the free market has to determine these things and not government bureaucrats.