Why raising the min wage is also stupid.
Hang with me, if you think either of these two things make sense then it's because you have not yet thought the whole issue out.
Example.
Sand is not valuable because it is everywhere. There is a LOT of sand. You can go dig it up or make it yourself nice and cheap.
Gold is much harder to find, rare and has a lot of valuable uses (electronics, medical, beauty). Much harder to find = worth more.
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If EVERYONE suddenly has $1,000 more dollars a month, all of the businesses know this. They know everyone still needs water, electricity, a place to live, bread, milk, eggs, whatever.
They start to slowly increase the price while keeping their eyes glued on the numbers. They will raise it until they lose more then they gain.
This will repeat with every. single. industry. The government is not going to go and price control all of our businesses.
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For increasing the minimum wage.
When you increase/force a higher minimun wage a few things are going to happen. Businesses will fire excess employees, small businesses will fold (they can't absorb the loss like a big company such as Wal-Mart could).
Less people working = more unemployment. You end up like Puerto Rico which has enormous unemployment with a few people who can get jobs essentially responsible for everyone else.
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Why is everything so fucking expensive now? See pt 2 below.