No one can live off $10/hr. so they have to get government welfare. Taxpayers have to subsidize this person's income. Those who are barely making it now, have to pay more taxes to help those who can't make it at all or we borrow or print more money which causes bigger problems. That's how it works and at some point you reach a tipping point. At some point it all collapses.
Any politician that comes along and says they are going to end welfare and do away with minimum wage is not getting elected with record numbers dependent on it. You have to promise one or the other. At this point, smart politicians promise both and get elected.
I'm not saying I agree with it but that's the country we live in.
The middle-class is going away. Their jobs have gone overseas. We buy cheap goods from China. Corporations are making record profits. They use those profits to buy government favors.
Minimum wage is only part of the equation.
Go watch "Inequality for All" on Netflix. I'm still not sure what the answer is but after watching that documentary, I feel I understand the problem better.
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