Is raising minimum wage nationwide a horrible idea?

[the2real4mafol]

supernihilist said:
Its simple. The lower the wage, the higher the number of employees a Company can have with the same money. Higher production with no added cost.
Thats why capitalist conglomerates always put pressure trying to push minimum wage down.

You can't have a healthy economy that way. Capitalist economy is also based heavily on consumerism. If most people can't afford more than basic goods to survive (food, water, shelter, education, energy, healthcare in US etc) then the economy would start to collapse as wealth or profits would start to disappear. Really it should be in the interests of the capitalist class to ensure people can buy their stuff but instead it's done with fake credit rather than real cash. 

Also, why would a company hire more people if labour is cheaper when it's not expanding? that makes no sense. 

Pushing down wages may sound good to you but because of constant inflation it would never work. Yet alone the opposition from unions and workers. The thing with minimum wage is to be a balance to allow people to start on decent wages to live on but also keep the balance with the constant cost of living which seems to always rise. Going to 15 is really taking it to where it should of been had wages not stagnated since the 80s.