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Ironman

Wal-Mart also supports a higher minimum wage [Ref: http://tinyurl.com/jv9n7 ] for exactly the same reasons, as many of its small business competitors often rely heavily on low wages to be competitive with the company:

http://tinyurl.com/2bjqu7

Here's a tool that considers a minimum wage increase from the small business owner's (micro) perspective:

http://tinyurl.com/jcdjw

And here's another tool that puts you in the President's shoes for the macro perspective:

http://tinyurl.com/332btx

Seamus McKenna

We have minimum wage legislation here in Ireland too. Our economists are divided (no surpises there) on their value but as in your post, if companies are only motivated to back minimum wages because they want to minimise a disadvantage - is that not a race to the bottom?

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