Why you don't set the minimum wage to $70K

[SickBeast]

I agree with paying people a decent minimum wage but $70K/year is just absurd. I think $15/hour is a good figure and a fair wage for basic jobs with low requirements. You can at least eek out a basic living in most places on that much. If everyone made $70K it would drive up the price of everything to the point that $70K/year would not be enough to get by on for most people.

Actually what I think would be great is if you made the minimum wage $15/hour plus allow people to earn $20-30K tax free each year.