I'm beginning to think so. I feel that our country is just not doing what it takes to compete with other countries. We're pushing business away by making it too expensive to do business here. It seems that the solution would involve permitting a lower quality of life than what we've become accustomed to, but while still allowing people to live.
The way the economy is currently configured, jobs are scarce partly because it's expensive to pay employees. The "bottom rung" is increasingly higher and difficult to reach.
If employers were free to pay employees as little as they wished, more low-paying jobs would likely open up. Low-income is better than no income, right?
What do you think? Has minimum-wage done more harm than good, or is it really a good thing? Why or why not?
At the very least, I think it should be lowered back to $4.25. $7.25 is ridiculously high.