Do you seriously think a $100/hr MW would solve poverty? If so, you're thinking even less than I thought.
it would be a higher tax bracket and generating more tax revenue per person.
And very few people would have those jobs. Most would be out of work and unable to afford the basics of life. What do you think you'd pay for a burger when the guy that feeds the cow gets $100/hr? And the guy that takes your money? And the guy that empties the trash cans?
I use that as an absurd example to force MW increase advocates to acknowledge that increasing labor costs increase prices and/or kills jobs, it's just a matter of degree. If anyone seriously thought jacking it that high would solve poverty, it would have been done long ago. It wouldn't.