authorize the Fed to manage minimum wage in exactly the same way that prime interest rate is presently managed.

The Fed should manage minimum wage to control poverty and job creation in the same way that it manages prime interest rate to control inflation and job loss. The only way to know what a 25 cents increase or decrease in minimum wage will do to the economy is to make the change and see the results over the next quarter or half year. For best results, all regular wages should be tied to the minimum wage, just as all regular interest rates are tied to the prime rate. In terms of control system engineering, the interest rate - minimum wage control system would represent a balanced control system, where the present interest rate only control system is unbalanced and against the stops at the low side. Immediately, raising the minimum wage by 25 cents would help restore balance to the economy