No one seems to be able to answer that.
Whether you get paid $50.00/hr or $0.50/hr, the dollar is still losing value. Abolishing the minimum wage at this point would be like spitting in the wind.
EDIT: Though, as I said, if they did abolish it, the one silver lining I could see is that people would quickly discover how much the dollar is losing value, and might do something about it. However, would they ask for an increase in the minimum wage (put on a bandaid)? or would they abolish the Fed so we have a stronger dollar (cure the disease)?
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