Why I Don't Support the Current idea of "Minimum Wage," and the 'Minimum' I WOULD Support

To my mind there really does not need to BE a minimum wage. Like all things in business, everything is about what makes sense according to the balance sheet, and what the needs of the company are, AS WELL AS what a natural market situation dictates a wage should be. Most people do not understand business, competition, and markets, and so they get confused about what even determines what a 'natural' wage should be, or how it is determined. If there is little competition in the workforce, in other words, if unemployment is HIGH, there are many more people competing in the marketplace for the same job. The company can offer a LOWER wage and has to do little to keep and retain talent because there are many more workers seeking jobs than there are jobs to offer. On the flip side, wages AUTOMATICALLY go higher when unemployment is low, because there are far fewer people seeking jobs, and competition to obtain and retain employees is very high. During the heart of Trump's booming economy we saw median income rise by nearly $6000. We saw some of the highest wages in history, well above the federal minimum wage, and many way above higher state minimum wages. Setting a minimum wage is unnecessary. If we want to see incomes and wages rise we need to support policy that encourages a free and burgeoning economy. It is really that simple. And when you let businesses pay wages within REASON, based on what they actually can afford to pay, we don't have to worry about job cuts, or raising prices on goods and services. These things all take care of themselves. Even when Trump got lambasted for saying he did not support the minimum wage, the media was very clever to miss what Trump actually said. "If we can get this economy going again, we won't need to talk about $15 an hour. You'll make $20 an hour."

In some countries there are already better "minimum wages", here in Luxembourg, where I live, we have a high minimum wage I suggest. It's 2100 Euros, about 2500 US-Dollars a month, that makes 30k a year. And that's a lot in my eyes as a minimum wage.