Without a minimum wage, the number of consumers for any good beyond basic food, clothing and shelter products would be drastically cut.
Unlikely. Very few employees in the US make exactly the minimum wage, which is why it's true that minor increases have close to no effect.
There are massive lobbying efforts by big business every time the minimum wage issue comes up for debate
True, for example WalMart lobbies in favor of minimum wage increases. Out of concern for low-income workers, or to raise business costs for their competitors? Hmm...
Unlikely. Very few employees in the US make exactly the minimum wage, which is why it's true that minor increases have close to no effect.
There are massive lobbying efforts by big business every time the minimum wage issue comes up for debate
True, for example WalMart lobbies in favor of minimum wage increases. Out of concern for low-income workers, or to raise business costs for their competitors? Hmm...