You all are so short sighted there isn't even a conversation to be had. Try this https://youtu.be/A-I4Vsl-AEg lots of background but you can skip to 15min

The way I see it is higher minimum wage will just increase inflation which is already ridiculous. It would be better to tax/cap corporate profits, limit ceo compensation to 10 or 20x the lowest paid employee's salary etc. People not earning a living wage is a symptom of broader issues, not the problem itself. By manipulating this symptom there are knock on effects that will just make things worse.

Minimum wage is a scam. When there is a floor employers aim for that instead of having to compete. It is like pre-collusion around wages.