You are right about the minimum wage compared to the rest of the world

At the same time, should cost of living play into what the minimum wage should be for a country? I would think for most countries, well western industrial countries, the minimum wage is in relation to the cost of living in that country.

Given that the cost of living in the US has a very large range depending on if you are living in Silicon Valley/the DMV which I believe are the top 2 locations with the highest cost of living vs. living in Grundy which may be close to the lowest cost of living location, then where should the minimum wage bet set at for the US? Based on the highest cost of living? Somewhere in the middle? Varying depending on the cost of living for a particular location? I guess I am wondering, purely from a economic standpoint, is if the US's high minimum wage is partially based on locations with the highest cost of living. If that is the case, then maybe that option is the lesser of however many evils.

In response to this post by RTFC

Posted: 11/10/2021 at 4:31PM

Cargo theft up 42% as backlog of container ships grow. -- MikeVT85 11/10/2021 10:09AM

Laffs. Enjoy the suck. ** -- ColoVT82 11/10/2021 1:02PM

This should serve as a wake up call to the powers that be -- VTJayLaw 11/10/2021 11:30AM

The government and corporate America are one the the same. ** -- NokieHokie 11/10/2021 2:04PM

The powers that be are us -- SteveInBaltimore 11/10/2021 12:37PM

You couldn't 100% avoid Chinese products even if you wanted to. ** -- HokieNoVA 11/10/2021 2:52PM

I don't buy from China. I stick to places like Hong Kong. ** -- HokieGator 11/10/2021 3:34PM

Interesting given that the US ended its preferential economic and trade -- VTHokie2000 11/10/2021 3:45PM

I don't. It was a joke that I don't know the difference between china and -- HokieGator 11/10/2021 4:59PM

Do we really have a choice? ** -- NokieHokie 11/10/2021 2:05PM

Tough situation, especially now with inflation going nuts ... -- vt90 11/10/2021 12:49PM

Agree... but expecting corporations to do anything that affects their -- SteveInBaltimore 11/10/2021 12:54PM

They could change cost of labor to fairly compete...oh wait, they can't -- RTFC 11/10/2021 1:44PM

It can be more than just cost of labor -- Tafkam Hokie 11/10/2021 2:03PM

"Cheaper labor" may also mean only earning $1 per day for 8-12 -- VTHokie2000 11/10/2021 2:24PM

Depends on what $1 buys me in that location, and it doesn't really -- RTFC 11/10/2021 3:55PM

It may not buy you much in SE Asia or Africa because inflation -- VTHokie2000 11/10/2021 4:09PM

True - OR maybe labor costs could change here. -- RTFC 11/10/2021 4:20PM

You are right about the minimum wage compared to the rest of the world -- VTHokie2000 11/10/2021 4:31PM

Well we do have choices here. -- RTFC 11/10/2021 4:37PM

Yes, people do have choices on where they live. -- VTHokie2000 11/10/2021 4:50PM

LOL ** -- PhotoHokieNC 11/10/2021 11:48AM

Maybe people will make stuff here ** -- bigbadbird 11/10/2021 11:03AM

Hope that message gets across! -- EDGEMAN 11/10/2021 11:45AM

Smart decision is to tax imports and don't to tax exports... -- hokiehunter07 11/10/2021 1:44PM

But trucking company and railroad stocks are going up! ** -- DonHo-kieHi 11/10/2021 10:17AM

You are right about the minimum wage compared to the rest of the world

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