Reddit mentions of Minimum Wages

> When the Fed buys bonds, who do they buy the bonds from?

> The banks.

No, they buy them from the United States Treasury. The purpose of purchasing the bonds is to changing the purchasing power of the USD which impacts both consumers and business owners. Perhaps you mean the QE programs which purchase ABS's from the banks not "bonds" to free up other lending.

> So, institutions that are already flush with cash and who already refuse to lend.

Nonsense. Here is commercial lending and here is consumer lending.

> This isn't going to help home owners make mortgage payments.

Actually it is, those on ARM mortgages will see lower rates.

> This isn't going to help credit holders consolidate debt.

Yes it is, it lowers rates.

> This isn't going to move products off the shelves, or hire more workers.

Lowering rates = cheaper to borrow = cheaper to expand.

> What we need is a minimum wage that keeps up with inflation

Only if you hate the working poor and want them to be poorer.

> What we need is more public sector employment if the private sector isn't hiring.

Where does the public sector get revenue from to hire workers?

> What we need is stable taxation.

We have stable taxation, revenues as % of GDP have averaged 18% +-2% since 1950 with only three years as outliers, average variance over a business cycle over the same period is 3.1% which makes it the most stable tax system in the world with a general income tax.

Edit: Also to combat some other nonsense mentioned below consumption is strong and median wages (even excluding other sources of income, such as cash assistance and investments, which have climbed) have been climbing at an average of 5% a decade over inflation since 1990.

The minimum wage makes it illegal for people whose skills do not justify a minimum wage to work. It disproportionately hurts teenagers and minorities. 85% of economists oppose it. Here is a book with fifty years' worth of studies showing that it reduces employment and hurts workers:

http://www.amazon.com/Minimum-Wages-David-Neumark/dp/0262141027

https://www.amazon.com/Minimum-Wages-David-Neumark/dp/0262141027#productDescription_secondary_view_div_1522686020311
This is a good book on the matter. However, it is empirical, and one cant draw absolute truth from empirism.