[A. Pole]

There is the optimum minimum wage.

As determined how?

Same way as the Fed interest rate - by experience, intuition and educated guess. Same as with many other things, not everything can be calculated precisely.

[balrog666]

Same way as the Fed interest rate - by experience, intuition and educated guess. Same as with many other things, not everything can be calculated precisely.

Good example of a complete waste of propaganda - the markets know what the real interest rates are and what the real inflation rates are. Let the "invisible hand" deal with it on wages too - kill the minimum wage.