First is the fact that raising minimum wage induces inflation. We saw this the last time it was raised. Also, the jobs set at that wage are not designed to support a person but are instead to give employees experience, mostly while they are in high school.
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Additionally, by forcing employers to pay their employees a certain amount, employers will be forced to fire people which will lead to unemployment and in fact lead many low wage workers worse of than before. Plus, with the price of labour increased, the price of goods will increase, so the cost of living will increase, and the wage increase will be more than offset by all of these problems. Whenever the government touches the fragile ecosystem of our economy, which is like a coral reef in fragility, it will cause problems. political power currupts everything it touches.
