What about people receiving astronomically high wages that vastly outstrip their labour value?
Gee, wonder why they only accept advice from people that tell them to give executives more money?
And I say ‘curiously’ with some sarcasm, because it is very obvious why the focus is always disproportionately on needing to justify minimum wages for the poor, normally with ridiculous economic value arguments, but not extreme wages for anyone else - which is apparently fine and has zero negative consequences
However, the government mandating a certain wage has a tremendous effect on me.
> However, the government mandating a certain wage has a tremendous effect on me.
"the government mandating a certain wage" is the definition of minimum wage in this thread. If you are not a minimum wage worker and would not become a minimum wage worker after an increase in the minimum wage, why and how does that have an effect on you, and why would an increase in an executive's salary (multiple orders of magnitude more than minimum wage, and annually increasing in orders-of-magnitude higher dollar amounts than minimum wages do) not have a similar or greater effect on you?