Should "minimum wage" exist?
Minimum wage will always exist in that the market would more or less create one. The min wage would be the lowest that the supply of labour is willing accept to perform a certain task.
That's a technicality... We're talking about an artificially imposed min wage that is higher than the min someone is willing to accept.
I would support removal of the min wage, and opening of the borders. This IMO would allow many firms who are manufacturing overseas to return to the US and still remain profitable.
Ever been to eLance.com? Indians are doing the same technical work we are at 10% of the cost.