Robert Reich says that, as a requirement for free trade deals, we should tell developing countries to "set a minimum wage that's half their median wage."
It's amazing how effortlessly people come up with policies that really hurt the poorest of the poor!
Imagine a nation with a median wage of $730 per year. According to Reich, we should tell this country to set a law which makes it illegal for anyone to be hired at less than $365 per year. (I'm assuming that everyone works a 40-hour work week for simplicity.)
What happens to those who were making less than a $1 a day. They're out of a job! Is this, in any way, compassionate!?