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Fiscal conservatives tend to oppose increases in the minimum wage because in a [[free market]], the price of labor, like any other commodity, should be set by negotiations between the buyer and seller without undue interference from the state.  

Fiscal conservatives tend to oppose increases in the minimum wage because in a [[free market]], the price of labor, like any other commodity, should be set by negotiations between the buyer and seller without undue interference from the state.  

Socialists, and many economic liberals, disagree with this view of labor as a commodity because they believe it dehumanizes laborers by permitting companies to pay employees less than necessary to live a decent life, support  a family, etc; see [[living wage]]. Even without legislation, the minimum wage as of 2007 is far below the lowest wage paid by most large companies.<ref>Alan Renolds, [[Cato Institute]]. ''[http://www.cato.org/pub_display.php?pub_id=5409 Below the Minimum Wage]''</ref>

[[Socialism|Socialists]], and many economic liberals, disagree with this view of labor as a commodity because they believe it dehumanizes laborers by permitting companies to pay employees less than necessary to live a decent life, support  a family, etc; see [[living wage]]. Even without legislation, the minimum wage as of 2007 is far below the lowest wage paid by most large companies.<ref>Alan Renolds, [[Cato Institute]]. ''[http://www.cato.org/pub_display.php?pub_id=5409 Below the Minimum Wage]''</ref>

See also:

See also: