Question

For those of you advocating for allowing municipalities to set their own minimum wages, what do you think the unintended consequences might be on some employers? Are some employers disproportionately harmed, and are we okay with that result as simply a cost of doing business? Also, what role does our capitalistic society have to play in balancing what a minimum wage should be? Do we really need regulations or can we let the markets sort it out?  

Answer 1

Role of Capitalist society in setting up of minimum wage rate is done according to the market value of the labour , it does not depend how much they have worked or contribted in the society.They will be paid according to the market value set for the labours.
Yes, definitely amendments should be done to eradicate this wage inequality system .This is not right and it is totally unfair practice because the amount of hard work paid by the labour or an employee is way too high and they are being given very less amount of money.Because of low wages they are not able to enjoy all the facilities and thus forcibly attain low standard of living in life.