If the only result were higher prices an economy could still thrive.
The real problem is that an unrealistic mandated wage prices those with few skills, or who have issues that give an employer pause, out of the labor market. They don’t get that first job during which they can prove themselves to be a good employee, and even more important, they never get to the second, third, and fourth rung of the wage ladder because they were priced off of the first rung.
At least it’s being done at the state level, rather than the federal, so we can see the result in contrast to other states.
Suggestion for GOP-led states near Connecticut: Advertise the $10.10 minimum in CT and offer anyone on public assistance in the state a free move to CT if they want it, and use state vehicles so you know they get there.
Fat lot of good it will do. The government/lefty types will ignore the numbers, or create them out of whole-cloth, declare it a raging success and then foist it on the rest of the nation. Does Romney-care ring a bell?