Nice little article:
http://www.npr.org/blogs/money/2014/...age-in-america
I sound like more of a socialist than most of you, but I hate the minimum wage. It is not so much that I endorse socialism, it is that I detest half-assed capitalism. I don't believe you can regulate just one side of a system and have it remain functional. Either a minimum and a maximum, or neither.
"Bakers and their employers had the right to make any agreements they wanted about work hours, the court found." That sounds like a functioning court upholding capitalism. The flip side would be that every so often the betrodden workers get pissed and bludgeon some bakers. That sounds like functioning capitalism holding court. It's a cycle.
Nothing a good earthquake and a couple plagues won't fix.