What is a wage?Is there any real thought behind the idea that a low wage means society values a person or position poorly or less than another or perhaps that it means that position is unimportant?As such What does the minimum wage tell us, if anything, about how we value positions and the people who work them?Recall what Money is, a representation of one's contribution to society as deemed by those in society voluntarily giving you money in return for the service or good you provide.

Remember that analysis is done on the margin- value is determined on the margins (Water-Diamond Paradox)