[the_gastropod]

FDR proposed the minimum wage to guarantee anyone who works 40 hours a week a "living wage". It was signed into law in 1938. And, adjusted for inflation, the minimum wage has never been higher than it was in 1938. In other words, it's precisely the point of minimum wage, and it's increasingly failed to live up to its purpose ever since.

[djschnei]

Wooosh. Yes, I am specifically speaking to the fact that declaring an arbitrary "minimum wage" does not effect the true minimum wage which is $0. By enforcing an arbitrary floor all you're doing is making it illegal for someone to work unless their output is more valuable than the floor. Good intentions, completely illogical.

[the_gastropod]

I respectfully disagree. The U.S. has safety nets for those in poverty (e.g., TANF, Medicaid, CHIP, SNAP, EITC, Supplemental Security Income, and housing assistance). Having the U.S. tax payer subsidize businesses unwilling to pay their workers living wages seems illogical to me. This is happening right now. Walmart, Amazon, and McDonalds, for example, all have huge numbers of employees dependent on welfare programs. Why is that logical, and how would dropping the already low minimum wage help this?

One solution gaining some attention is UBI. What are your thoughts on it?