My co-worker just told me that he's pondering quitting his job and going on disability because his wage didn't even enough to pay his rent. He'd rather work odd jobs and collect collect a check than sacrifice 40 hours a week for peanuts.
Wages matter to people for morale and desire to work.
Doesn't matter. the wage is a mathematical function of the job's worth. Nothing will change that.
You can pay entry level workers 30 bucks an hour, and all that will happen is the price of the retail product will increase to compensate.
And everything else will go up likewise, until the 30 dollars is commiserate with the original value.
Except that in the interim, businesses that cannot handle the increase in wage by increasing retail price will fail, and thus make fewer jobs available, and more workers out of work.
That is the pipe dream of minimum wage.