> how do we know if $10 is the right price or too low?
We don't. It's the market's job to determine the wage. If the wage is too low, then businesses won't be able to find the people they need.
We don't. It's the market's job to determine the wage. If the wage is too low, then businesses won't be able to find the people they need.
Or complain that "no one is willing to work".