Should we abolish the minimum wage altogether and let market forces of supply and demand determine equilibrium wages for workers, or should we keep the federal minimum wage at its current levels and let states decide if increases are necessary, or should we increase the federal minimum wage to adjust for higher costs of living (if yes what should we set it to)?

Answer rating: 100% (QA)

The debate on minimum wage policy is ongoing and multifaceted with various economic and social considerations at play The stance on whether to abolish ... View the full answer