There are better ways to do that than to dictate what a company can pay their workers.
Can you please explain who is dictating what a company can pay its employees? Because I was not aware of any move to dictate to companies what they can pay. There is a law which sets the MINIMUM that they can pay per hour, but I am not aware of any laws that apply above that.
Agreed. It is basically feeling good about one's self by spending someone else's money.
One is paid for the value they bring to the employer. To pay based on their perceived need is socialism - nothing less. They are taking from those who are perceived to have more (employer) and giving it to those who are perceived as not having enough.
And who decides who needs more & who has too much? Yep, socialists with no skin in the game.
If the government was so fair and altruistic it would require a two tier minimum wage. One starts at the lower minimum wage and gets promoted to the higher wage if their work warrants it. Thus the more productive (minimum wage) workers would not see the slothful being paid the same thing for doing less. Never happen because the purpose of the minimum wage is really to put as many as possible down to the lowest common denominator. Again, socialism.