You miss one very important nuance of wages, Billy. You can't raise the bottom level without having a corresponding ripple effect on wages above that level. If you pay your busboy $15 an hour then your waiter who has more experience than the newly hired busboy is going to demand to make $20 an hour. Your floor manager who now makes $20 an hour is going to want to make $30 an hour. So what you end up doing is raising everyone's wages...which of course raises everyone's labor costs...which of course leads to increased prices for goods and services to pay for that additional cost. So YEAH, you now make $15 an hour but your cost of living went up substantially to pay for it so you're right back where you started from!