Originally Posted by uniquemkt

A rise in minimum wage always brings a rise in inflation to compensate. The only reason minimum wage has ever risen is to meet the current (or projected) inflation-adjusted cost of living. You aren't magically making more wealth, you're just making more paper dollars to compensate for that dollar's value being reduced. Raising the minimum wage ahead of inflation will increase the rate of that inflation, raising it behind has at least some potential to reduce the rate.

I am often surprised at how otherwise intelligent and informed people just can't put those pieces together. Historically, minimum wage has never been enough to support a single worker family of 4.