I'm in the living wage camp which I would define as whatever amount it takes to remove a person from poverty if they work 40 hours a week. I think that's currently closer to $10. I sort of have a soft spot for that MIT regional wage idea, but I can think of some rather obvious drawbacks for business owners. My bottom line is I don't want to pay for people who are working. I also don't want to eliminate the safety net. So I want work to pay more than welfare.
I'm not in the 'living wage camp' but I sure as hell don't work 40 hours a week...no successful person I know does.
I sell equipment for a living. I also go back to Iowa every spring and fall and use my 'vacation' (I'm always tethered to a cell phone) to farm with my brother. I have another side business and rental property.
I can tell you as I interact with business owners daily...and finding people that want to work isn't easy. Too many safety nets are in place and most are not worried about being fired.