I try to read the studies, the statistics, the long term projections and reflections, but I always come back to what I know from personal experience...
As a manager for a number of small businesses run by family friends I've had to go without paychecks on countless occasions so the bills got paid. I've counseled the owner's numerous times that we're not even breaking even, much less making a profit, that something has to give; prices go up, streamline, someone get laid off... When the prices are already higher than the local market can support, things are efficiently run, there's nothing left but to let people go; so I end up firing these kids. Everyone thinks I should feel bad about it, but I don't because they get fired for a reason; because they are constantly late, because they sluff their job off on their co-workers, because "its too hard" when in reality it's not.
When I go into some fast food place, or the checkout at the store, or a local coffee shop, I see these same types everywhere; clueless, wandering around with no care for their job, etc. These are the people who are going to get fired if min wage gets shot up. I don't particularly care about their fate, they can starve until they learn how to be /worth/ $10-$15/h, but I also know that those people are going to have a hard time "getting away with" the "minor" shit we managers let them get away with for a lower price. I almost find it funny that these people don't realize we /see/ the crap they're doing and let it go because it's not worth /our/ time to deal with, because it's not really affecting our bottom line so we let them get away with shit. Then they whine about not getting paid enough and we're like, nope. Not because we're greedy like all these 99% want to think, but because that employee isn't /worth/ more pay.
All the arguments for making a living wage, for income equality, such a foolish and short-sided view over what 3-5% of the employed population. These 3-5% of people who can't seem to get themselves over minimum wage's /worth/ in the eyes of an employer, or who can't qualify to do a better paying job... They're not going to make it through this with a "living" wage, they're going to have less hours, or get canned. So basically all this whining for an increased min wage, is not going to help these 3-5% of folks, it's going to drive more of them into poverty. I /almost/ feel bad for them all, but I know the deserving ones will rise to the challenge, they'll get their 2yrs of experience, work harder, and get "real" jobs that not only support their family, but buy them some nice things to boot. The rest of them though... The slackers, the always late's, the "its too hard's", the ones who don't care about their job - they are going to be in for a rude awakening.
I believe I've said it before; by all means, crank up that minimum wage, those of us who know better are going to be shaking our heads when all the "fluff workers" learn just how "nice" most owners and managers have actually been. The corporate world will be even more cut-throat than it already is, those types won't even get their foot in the door before someone politically assassinates their career, just to get ahead of them. Then, yet again, those people will find themselves stuck in a minimum wage job that can't pay their rising bills, and of course whining that someone else is making more then they do...
Managers will still make more, CEO's will still make more, and the wealthy are not going to feel the effects of the higher prices as they make more. Companies will continue to operate on established budgets that dictate how much they can afford to pay our employees, they will continue to recognize the global economy and hire in other countries, they will continue to invest in the stock market and [potentially] make more than those who can't afford to do so, and just maybe all the bleeding hearts will eventually understand that all the tears and compassion in the world cannot help these spoiled US employee's who do not want to better themselves, who do not want to work, who do not /care/ to make more of their lives than dead-end entry-level skill jobs which have a set cap on wages.