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It depends on what the overhead is of the company and what the level of difficulty the position is. Obviously a company who only takes in profit enough to pay 6 dollars salary cannot afford to properly serve their customers and still pay their employees a significantly larger salary. I will say that in a free market economy it is a bad idea to set a minimum wage, especially if taxes on companies are high. In the US economy today, few businesses can afford to function properly paying 7+ an hour because most states have an excessively high tax on goods.

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15y ago

What else can I help you with?