Their current minimum wage varies in the range of $2.68 ti $4.09 and hour depending on job type. Where did you come up with $1 a day?
If the people there want to set their own minimum wages, let them do so. The federal government should stay out of it because all they are going to do is destroy their economy.
I’m for abolishing the minimum wage, providing that the government also enforce laws against the importation of illegal aliens. If we get rid of excessive immigration, market forces will provide fair wages, without even the need for unionization.
I did make a mistake: I meant $1 an hour. When writing of international poverty, “$1 a day” is such a famous standard, it kind of rolls off my fingertips.
As for the $2.68 to $4.09, I’ll admit that I had presumed that the hourly wage hadn’t increased since the US minimum had. I’d be very interested in knowing where you got your information, not because I mistrust you, but because I’d like to have more details.