To start with the worst arguments first…
Unfortunately, @tinyfaery, people who can’t make themselves valuable in some way will lead a lower quality of life. That’s pretty much a law of nature. While we are all equal under the law – at least theoretically – we do not all have equal value to employers. That’s why (at least so far) it is perfectly fine to discriminate in hiring in favor of ability and demonstrated competence. Saying otherwise is simple nonsense. It should be understood – though I won’t be surprised if it isn’t – that I do not advocate that people who are incompetent or unwilling to work or learn or otherwise add value to production should be left to die in the streets. However, I do not advocate mandating national policy around those workers. And i use the term with reservation. To answer both you and @SQUEEKY2 on this point, “Why? Why should people who don’t produce enough to earn the wage that they’re ‘supposed’ to earn be paid more than they are?”
@SQUEEKY2, I’ve said this before on many threads in this forum about economics, but ‘the world is catching up with us” and while that happens – and make no mistake: it’s a good thing that the world is catching up – wages in North America and Europe (and to a lesser extent in Japan and other already modernized industrial societies) are being depressed by that globalization of production. For example, if you know the textile industry, its center of mass moved from Great Britain in the 19th century to the USA in the early 20th century, because US workers could be trained to run the machines just as well as Brits, but cost a lot less, at least for a while. Then the industry moved from the Northern states in the USA to the South, and from there it has moved offshore. So most of our textiles and clothing are being made in other parts of the world now, and the industry keeps moving to new, lower-cost areas of production. That doesn’t happen just because some greedy factory manager finds out that he can get Elbonians to work for “closer to nothing” (although, yes, that certainly happens), but it happens primarily because as industry moves into a mostly unindustrialized area people become more experienced and more valuable overall, as a rule, and more industry moves into the area, driving wages upward. It’s why the auto industry has made such dramatic shifts overseas, as well as electronics and all kinds of other manufacturing. After wages, some of the other factors driving overseas production are regulations – not that American and European factory owners want to kill their workers! – transportation and political stability, to name a few important factors. (Not to forget “closeness to markets”, which are also shifting to Asia as the dominant population centers of consumers as their wages rise – and that’s good for all of us.) Eventually, anyway. For now, as we watch “the jobs” move overseas, of course that’s difficult for low-skill, low-education workers.
@Seek you have a good point, if the idea is “trying to figure how we can plan the labor market for the country”, and “what should we set as the national wage for various occupations”. No one can adequately plan that. No one. To the extent that we attempt to do so we will (we have) upset the labor market and unbalance it. When markets are allowed to seek their own level of clearing, that is, the point at which labor supply meets labor demand and people agree to do “x” amount of work for “y” level of compensation – without federal and state mandates regarding size of the employer, and people aren’t chained to their oars, after all, then what is the complaint? That they don’t earn enough? That can be remedied, but it can only be realistically and sustainably remedied by the individuals themselves.