[Adder]

Of course it does.
You don’t lift these people out of poverty...you just give poverty a new floor.

Everyone else’s wages will rise and so will the cost of goods and services. the magic $15 will have no more buying power than the current base wage. After a brief euphoria, the poor will still be poor and there will be fewer employed as employers struggle to not price themselves out of the market.

Happens every time.

[steve8714]

I don’t disagree. Welfare for slumlords. An unrelated question;
if people are getting $300 in Fed unemployment and regular state unemployment, why are they not paying their rent?

[SamAdams76]

I make that point often. You can make the minimum wage $50/hr if you like. All that will do is drive everybody else's wages up. The higher skilled and productive workers will always command more pay. And those at the entry level or those who have low skills will always be at the bottom of the pyramid.

Liberals have this notion that if you raise the wages of the unskilled to that of the skilled, that we will have this utopia where some guy mopping the floor at Wal-Mart will buy a three-bedroom house and live next door to his store manager.

Nope, it doesn't work like that.

[CodeToad]

Minimum wages bans jobs not worth whatever they set as minimum.