Who this hurts, are those that were hired at $7.25 10 years ago, and busted their butts to get one promotion after another, more responsibility for the company and now earn $18 an hour.... and now would see the company hiring people with absolutely no experience at $15, and they get no increase that is comparable for the workload and responsibility they are carrying.... and no, the companies do not raise their wages with the minimum wage hike, in any kind of comparable way.
It would be better, if the congress and even better, the State legislators, simply raised minimum wage, a little bit, every year instead of this....
The market eventually adjusts
We have raised minimum wage in the past
yes, under normal circumstances it would.... but this is MORE THAN DOUBLING the federal minimum wage in just a few years.... This is NOT going from $6.25 to $7,25 over a couple of years.... this is 7.25 going to $15 so it will sweep up a whole lot of people that earned their way in to making more than minimum wage, like $12 an hour workers as well.... it raises all workers that make more than minimum, up to the new minimum...
that's a whole nuther situation than what happens when you raise minimum wage a dollar or $2....
it's a catch 22 that Republicans in congress has caused by NOT allowing minimum wage hikes by year and putting it off for decades at a time....
the minimum needs to be $15 in most states for a living wage, but the fed min wage has been held back for so long, that it is near impossible to raise it to what it should be, without causing some major problems imo....