Worth of a Worker

I read an article concerning the morality behind paying employees. There is a constant argument about what minimum wage should be. Especially in areas such as southern Utah, where the cost of living has gone up drastically, but the minimum wage has not. Yet would it really be beneficial to raise the minimum wage? I say no, because that will just result in increasing the rate of inflation. I agree with the "Angry Professor" that the wages will tend to increase in this area because as he stated, "everyone will be paid the same as the last one hired." If they are not, then they will cease working there. When looking at the construction industry here in southern Utah, one can demand higher pay because of the amount of work that must be done. This results in construction workers income increasing. Now we get to the question of this being morally correct or not. It is common sense to know that just because the wages are going up that the quality of worker is not automatically going up at the same pace. Yet if the employers do not pay equal wages to their employees they are ridiculed for not being a just boss. In my opinion, the boss should pay the worker what they are worth. Forget comparing what each worker is making and then averaging out an equal wage. When focusing on each employee and paying them what they are worth, you can help the employee become more of an asset by helping them understand where they can improve in order to receive a higher wage. This should benefit both parties. Is this morally correct? I do believe so; however, it is not for those of you that cry when you do not get to take the easy way out.