How has Minimum Wage failed?
You need to raise it again, yes?
It wasn't successful the last time it was tried. If it was a success the last time, you wouldn't need to establish yet a higher minimum wage this time, right?
So it FAILED the last time you tried it.
Businesses seem to be surviving and thriving. Haven't observed any closing because they had to pay Workers Minimum Wage.
So you haven't been to Detroit, Cleveland, or Pittsburgh lately? If you had, you'd have seen the devaluing effect that minimum wage has on other wages.
Look, even if we were to make the minimum wage $100k/year, in the long run, provided there is no additional government interference, the whole thing would shake out to just about where we are now, except that the same retarded cranks who now gripe that 15k/year is insufficient for the poor, will then claim that 100k/year is insufficient for the poor.
You want to know why that is?
It is because the realities of minimum wage laws are inescapable; they are why minimum wage ponzi schemes ALWAYS fail.
Tell me, what is your exact objection to basing a worker's wages solely upon what that worker's work is worth?