The Minimum Wage the Moral and Economic Argument for a Living Minimum Wage in 15 Minutes or Less: Ma

The Economic and Moral Argument For A Fair Minimum WageWe have heard all the arguments for increasing the minimum wage to a certain level and all the arguments against increasing it any at all. There are even well reasoned arguments for completely eliminating the minimum wage.But why should we even have a minimum wage?The minimum wage is not a handout from the economic market-place; it is a moral obligation of society's social compact.A living minimum wage is not only morally fair, it is also an economic necessity if the economy is to function at its optimal level in order to deliver its share of the social compact that society expects of it.This is a quick 15 minute read of why the minimum wage is good for our society morally and economically.