What is not being addressed in all these replies is that the minimum wage (no matter what it is) represents the lowest wage paid. All other wages and salaries are above it. Therefore, all other wages and salaries would have to be increased in the same proportion as the minimum wage to keep things on an equal footing. Double the minimum wage and then all other wages would double, prices would keep up with that increase so profits would keep up, and there is no winner. Losers would include retirees as their Social Security would certainly lag far behind for a long time.
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