It’s as stupid as our government wanting to lower the minimum wage - there might be a short term bounce but the effect will level out goods will have to be cheaper for people to buy under those circumstances. Demand drops - prices must drop - costs must drop and around and around we go. Interfering in the system too much has little effect (usually negative) over a longer period of time!
At $26 an hour....a McDonalds menu-meal (typically $6.99 now), would end being around $15.00. A coke would run $2 minimum. A Pizza Hut large pizza would likely run near $50.
You see....I’m for this massive increase, because we’d finally automate the whole service sector....bring McDonalds staff on a typical shift to three people (basically ensuring the automated system works, and greeting people). Within one single year, we’d release at least half the minimum wage people at the burger franchise operations back into their true passion....sitting and living under bridges. I should note....those who do remain working...will suddenly discover that taxes are greatly increased, and they can’t really afford much of anything for apartments, and they will eventually discover under-the-bridge lifestyles as well.