Is the minimum wage high enough?

http://www.koreaherald.com/view.php?ud=20130909000983

This writing addresses that Korea had a low hourly minimum wages among OECD countries and the government needs to revise the current minimum wage system. The author claims that many people are appealing to the low minimum wage law in Korea. According to Woo Seok-jin, people have minimum living standard costs, and the minimum wage should be determined based on that level. A man said (policy claim), "as public utility prices rise the minimum wages of part-time jobs like at a general restaurant should be increased. I think $6 would be okay." He also criticized the government ministers who don’t know how the poor people work so hard and how they only are given a low wage (value claim). Some business representatives, however, asserted that raising the rate might hurt not only firms, but also workers as well because it forces the companies to lay off workers or hiring fewer new employees. Park Pil-kyu, a senior research fellow at the Korea Small Business Institute, said raising the rate would hit small businesses particularly hard (counter argument). In my opinion, it is definitely controversial issue in Korea because even though the government wants to make higher minimum wages for better life of the workers, it would be not good for both the workers and businesses in the long term. A rise in the minimum wage would cause replacement of Korean workers with foreigners in vulnerable jobs at small companies. Therefore, creating higher minimum wages should be considered since it will have a lasting effect on employee's happiness which affect quality of working environment.