Because of what I said above. Wages are and will stabilize at what the market will bear. I don't need some liberal politico telling me how much to pay my workers. If they're not happy, they leave for another job that pays more money. But if, I value my employees, I pay them a fair wage.Then why would you and other conservatives be against a higher minimum wage?
Again, Econ 101 relating to supply and demand.
I deal with small to medium manufacturing companies every week, and a prime example is one who has trouble keeping workers because he pays $10.50 per hour with instant benefits for running CNC's, etc. Top wages are over $21 per hour. But here's the rub...he's in a small community and there are two other concerns that start at $12 per hour, and the workers are willing to wait 60 days for their health care to kick in. $60 additional a week is a lot of money to a lot of people.