The problem with that is it puts FAR TOO MUCH trust in corporations, we've been shown in multiple ways that if there is no minimum, quite a few opt to keep things as cheap as possible!
Compare Major League Baseball and the NFL, MLB has no minimum, in 2013 Alex Rodriguez will make more than the ENTIRE payroll of the Houston Astros ($24.3 million), Miami cut 60% of its payroll with absolutely NO repercussions, after fans shelled out who knows how many millions for season tickets, they might as well travel up to Toronto, who will be playing/paying 37 million $$$ worth of former Marlins players, meanwhile the NFL has a minimum that ALL teams must spend 89% of their salary cap total over a 4 year period, so we see in the real world one has it wrong, the other has it right!
Then travel over to China, where a recent report found workers that assemble Ipads/Ipods were being paid as little as $1.72/hr (US), @ one factory 9 workers committed suicide within 3 months by jumping out of the building, they actually had to install suicide nets to prevent more deaths (http://www.dailymail.co.uk/news/art...shop-factory-workers-paid-just-1-12-hour.html) it was this type of exploitation by big business in the 1800s here in the US that ushered in unions, and ultimately getting the federal government involved in establishing a minimum wage.
Having no minimum wage would be insane, corporations left to their own devices WILL exploit, the federal minimum wage is ok where it stands @ $7.25 as a floor, regionally though local governments need to take into account local situations, this is why Washington has a minimum wage of $9.19/hr, and Connecticut has a minimum wage of $8.25/hr, NY state HAS to do better!!!
I don't quite understand your baseball example. Where are you going with that.
The big problem is you have too many nonskilled workers wanting more loot. At one time during the Clinton years you had tons of people making good wages because it was too hard to find workers available. Unemployment was at an all time low.
I know you say I have too much trust in corporations, but I don't. One thing about the economy is it dictates itself. YOu really can't manipulate it. You have approximately 3 million skilled jobs that can't be filled for because workers aren't qualified. Remind you these aren't jobs that required college, just some training. You raise minimum wage and everything else in the economy goes up. Raising minimum wage doesn't fix poverty. Skill training does. Trust me. If McDonalds couldn't find workers to fill those positions, their wages would go up. You have to look at people as supply and demand. Michael Jackson gross millions because he was a rare commodity. QBs get paid the most because that is the most important position in football. You use the nba for example. Lebron James is several underpaid for his talents. You have a cap on his salary, but you can't tell me he should be getting the same pay as other max players. All in all minimum wage workers have another problem besides not being paid higher wages. They lack skills. Or better yet they have skills everyone else in America has.