[MarkCancellieri]

Just think how prosperous we would be if the minimum wage was $100 an hour! ;-)

[krakensden]

Just because things don't work asymptotically doesn't mean they don't work.

[jedmeyers]

But why would a $15/hour minimum wage work and $100/hour won't? Where between 15 and 100 do you draw the line and why?

[rayiner]

Why raise the thermostat setting from 40F to 65F? Why wouldn't 100F be better? Where between 65F and 100F do you draw the line and why?

[cstejerean]

I draw the line at about 74. When it starts to get into 75+ it gets uncomfortable for me personally. So instead of being dismissive I think it's actually worth thinking about the question. If $15 could work as a minimum wage, and $100 would clearly not work, where in that range does the transition happen. Or maybe $15 is already too high, but $12 could work. I certainly don't know the answer, but it's an interesting thing to ponder.

[crdoconnor]

Australia's on roughly $15/hour. They have LOWER unemployment.

You draw the line when you start getting inflation at about 10-12%. That's when inflation starts to have an effect on economic growth.

It could be raised gradually until that point.

[rfnslyr]

When the wage is higher than mine :P