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Yep. Consider the cost of raising the minimum wage to $20 (or more) per hour. Surely that would simply raise the costs of all associated goods and services to make that into a "poverty" wage - rinse and repeat.
Raising the minimum wage is not the answer. First, there are too many ways around it. Second, it would just increase wages above the minimum until inflation caught up and the real wages at the bottom of the totem pole were as low, or perhaps lower than they are now.
Nor is WalMart et. al. evil for paying low wages. The wages that they pay are simply a business decision, and, judging from some of the employees, they tend to get what they pay for.
Problem is, we, the taxpayers, are still subsidizing their low wages.
Perhaps unions, or the threat of unionization, would help raise wages, that or a wage scale based on the pay of the CEO.
Now, if the lowest paid worker were to be paid X, and everyone above him paid X times a wage factor, then the way to raise the pay of the guys in the corporate office would be to raise that of everyone.
I'm not really sure just what the solution is, but the problem is low wages resulting in government subsidies and fewer taxes collected.