[jyl]

Suppose all the $7.25/hour jobs out there suddenly paid $3.62/hour. What would happen? Would employers suddenly employ 2X as many people? If one guy was effectively busing 30 tables, why would you hire a second? Even if they wanted to, would 2X as many qualified people suddenly decide to work for 1/2X the pay? The small employers I know (friend's restaurant, etc) complain that they can't find reliable, capable people at $10 and $15.