Buffett: Raising minimum wage ‘would almost certainly reduce employment’

No shit.

But, over the long term, raise the standard of living for the lowest wage earners will both increase economic activity and increase employment. It's disingenuous to pretend that low wages benefit minimum wage earners.

Then why don't we cut it in half, and then gradually cut it to zero?

Seriously, why aren't leaders who are against raising the minimum wage proudly storming Washington to get it cut in half?

If you're for the number of jobs that the current minimum wage supports, then isn't it your duty to your fellow man to do what you can to cut his wages in half, so that someone else can step out of unemployment?

And for that matter, why don't we have a maximum wage?