Very interesting. I always look at it like: If the government makes a price floor of bread products at $50.00 would you buy it? If you did would you value that bread the same way as if it is $2.50? Chances are you will buy less and make it last longer. Same can be said for minimum wage. It is just apply economics logic to real life. If you say everyone is worth $50.00 an hour then you cannot expect employers to pay $50.00 without taking a hit. And some will say "big corporations can take the hit we don't want big money!" but do you really think they won't make you pay for it? Chances are if the minimum wage doubles they will fire a quarter of their staff and increase prices by 25%. It is the small guys who cannot dictate price or are scraping the bottom of the bucket to make ends meet who will be hurt by this. Sure we will see an influx of income for the first couple weeks, but everything is elastic over time. Cheers!