I don’t agree because this can happen. Obama has already mentioned wanting the minimum wage to rise to $10 an hour so if infct the dems decide to do this then this will happen ala Jimmy Carter when he rasied the minimum wage 3 times in two years between 1977-1979.
Raising the minimum wage is practically meaningless because the value of the dollar is, by definition, tied to the value of mundane (commodity) labor. Raise minimum wage and prices rise accordingly. A gallon of gas is worth about 20 minutes of floor sweeping, and raising the number of dollars paid for that work will simply raise the number of dollars required to buy socially equivalent goods. The only benefit of raising minimum wage, other than political benefit from ignorance, is the delay between raising wages and corresponding price increases.