Government shall have no power to tell any employer what they must pay their employees. Employers know better what they can and cannot afford paying to stay in business and the skill level they want to attract and compensate for. Minimum wage effectively keeps less skilled and disabled people from being able to offer a lower bid for employment which keeps them out of the work force altogether and more reliant on handouts or government programs. Without minimum wage the lesser skilled, lesser experienced and younger workers will be able to provide more for themselves and beef-up their employment record while reducing any public assistance which would be better spent on the more truly needy.
Absence of minimum wage makes for less drag on businesses and affords greater compensation to the more productive or skilled employees increasing success of the enterprise. Studies have shown that a minimum wage increases unemployment -- especially for the young workers. It will be economically more efficient overall instead of keeping or raising the minimum wage to raise net compensations by having lower tax rates and trading the income tax for a consumption tax where either increases take-home pay without putting strain on employers -- boosting economic output while sufficiently funding government through resulting growth and less dependency. This approach provides long term a more prosperous wage as opposed to a mere living wage to be further imposed by the state for relatively fewer people.