Skull Pilot, the federal minimum wage has an inverse relationship to all USA wage scales. Proportionally it has greater effects lower wages and lesser effects higher wages. But to some extent, it bolsters all USA wages.Because the people whining for a 15 an hour MW have been bagging burgers for years without trying to get another job
people who get paid the federal minimum wage total a whopping 3% of the population
and that 3% includes tipped workers who might actually make significantly more than MW
Many states already have MW that exceeds the federal MW
What you want is increase in labor costs with no corresponding increase in production so you will have a cost increase multiplier happening across all sectors of the economy.
all because a few people don't want to improve their value to the marketplace.
It has a significant effect upon all lower wage scales; (i.e the lowest earning 20% of USA's full-time employees. (That's much more than the “people who get paid the federal minimum wage total a whopping 3% of the population” you refer to).
Respectfully, Supposn