All the time people are demanding minimum wage increases. However the idea of a minimum wage being a positive factor in economic growth or social grown is an idealistic one. It is also a barrier to innovation and economic growth. There are so many invalid arguments made in support of minimum wage, and many of them are rather laughable once you start to sit down and think about them logically and most of it has to do with an incorrect notion of the capitalist system based on the situation during the industrial revolution.« Continue »