They fail to understand basic economics. Higher minimum drives up all prices and soon you won’t be able to live on $53,000 a year. Supply and demand theory is more like “how many minutes do I have to work to buy a gallon of gas.” If the number of minutes does not change, then the dollars/minute is irrelevant.
We are poor in comparison but our prices keep going up. What’s the difference? Have you bought a pound of ham lately? Good grief.