So you believe eliminating min wage will? (dont want to put words in your mouth)
Its necessary, were capitalist...only money makes money here. Here is what i think would happen with out it.
It wont lower cost of living.
It will create more jobs.
It will create a race to the economic bottom.
It wont improve quality of life.
And only those whom are not in a position to make there money work for them will suffer.
If it creates more jobs it by definition cannot simultaneously create a race for the bottom. Labor is a commodity like any other. The greater the demand for it the higher the price for it will be. The statement however only shows that it doesn't solve the problem it claims to solve and in fact cannot.