You freemarket guys make one fundamental error. You assume that economy/market exists on its own and is not a part of the larger social/political body.
Living wage is not an economical element. It exists in the biological/political/cultural sphere.
And yes, you are right in that in the there might be times when the economy/market is not ABLE to sustain living wage for many workers. It is exact moment when the illusory wall of separation between market economy and the other spheres of social life gets ruptured.
"You freemarket guys make one fundamental error. You assume that economy/market exists on its own and is not a part of the larger social/political body."
Okay you keep spewing socialist tracts at me... but all I wanted was one simple question answered. It doesn't involve any heavy math, it's just a simple line of logic. Please just fill in the space:
Why is a $100 minimum wage not logical?
Answer: Because everybody who makes less then $100 would simply become unemployed and many of the businesses that use such employees would shut down.
Now stay with me here...
Why is a $17 minimum wage not logical?
Answer: (fill in this space)
Another one smokin' the KILL here, folks.
You really need to get that nose of yours out of the Bible occasionaly and into some Friedman and Mises.
You might learn just how insane your post was.