What does "too low" mean? Does "too low" mean that some testable negative consequences will result, or is it merely a moral judgement?
If there are testable negative consequences, we should look and see if Bulgaria suffers those consequences. Bulgaria has a PPP-adjusted GDP/capita that is $1/year less than your hypothetical 50 week, 40 hour min wage job. There are quite a few nations (generally considered "developed") with similar levels of income.
If there are testable negative consequences, we should look and see if Bulgaria suffers those consequences. Bulgaria has a PPP-adjusted GDP/capita that is $1/year less than your hypothetical 50 week, 40 hour min wage job. There are quite a few nations (generally considered "developed") with similar levels of income.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_...