And there are lots of people who want to work for $3.75/hour. In particular people who have no experience need to offset that fact by charging less for their l

And there are lots of people who want to work for $3.75/hour. In particular people who have no experience need to offset that fact by charging less for their labor. For them, getting the experience is much more important than getting $8.75/hour + benefits. Teenagers are the classic example of this type of worker. See http://mjperry.blogspot.com/2010/03/update-on-wsj-editorial-on-minimum-wage.html http://mjperry.blogspot.com/2010/03/update-on-wsj-editorial-... for some data.