I don’t think there should be a flat-out, across the board, minimum wage per hour. Especially one tied to a “living wage”.
The obvious starting point is that a living wage in one location is certainly not in another. Yes there are “indices” and such, but they could always be argued. Right now, I think they are just statistics, and not used in any official way … are they?
Second - not every job is meant as a career to live on. Not every job is 40 hrs/week x 52 weeks a year to provide a steady income for a stable living for those at the fringes.
For any company that has a labor force paid below a new minimum wage, their operating expenses will obviously go up. So guess where that difference will come from? In most cases, cost of goods and services will go up. Or another ploy could be to lower the wages for those just above the new minimum to counter raising those below.
Or to counter that, implement a “Maximum Wage (salary)”
I’ve always fancied some kind of formula to tie c-level wages that would take into account the number of employees, and the spread of their wages. But certainly reward for the work and success of the company.
But, I’m sure that would fall into some kind of “-ism” to hate and throw around as a derogatory term.
That’s why “Minimum Wage” can’t be a one-liner stuffed behind some other legislation on the table.