Quote:The argument is the key to hire wages is to create a demand for good workers, more jobs not regulation would force higher wages.

 

But it would be incredibly unlikely for the wages to reach what they are now.  Even with more competition for employees -- those jobs could not create a level of competition to raise the wages to the current minimum wage.  If they did, the competition would exist now as well.

 

Assuming (and I don't mean to presume anything about your opinions, rather going by what many libertarians beliefs are) that you are anti-union, you're also giving little bargaining power to the people.  Meaning as long as employers found workers that were willing to do the job for less, they could set the wages as low as they like.

 

And honestly I don't believe that businesses can't afford to hire more workers.  It's that they don't need them.  Which means that it wouldn't really create many jobs at all.  (And the jobs it did create would be sub-minimum wage, and mostly unlivable) 

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