YES just look at Germany.

2% get more money (2% that accepted a job with low wage) and 98% of the population has to deal with more expensive things in return.

= for 2% nothing changes because they lose the money the gained somewhere else (because every company that gets the new minimum wage will increase prices) And the other 98% just lose money.

Nothing was gained.

it seems like you're not so much offended by minimum wage or the idea of raising the minimum wage, but rather by the actual number "15$".

Psychologically your words suggests your own current wage is not much higher, and that you're mainly annoyed because you feel that raising the minimum wage to a level not much below your own wage kind of degrades the perceived value of your own work (and ultimately, your person). You tell yourself that you'd "love to help all the poor of the world", but actually, you despise the poor, telling yourself that they're poor for their own fault because they're lazy or whatever. So much of your self-esteem is based on the fact that you managed to escape the ranks of those disgusting poor and unskilled minimum wage workers and became a "hard working" "middle class" "high-level manager" that you're terrified by the sheer prospect of again earning just a little more than the official minimum wage. You're mainly afraid that the poor might be catching back up to you, just when you thought you had forever escaped them.

I don't mean to insult you personally btw, I believe that most people consciously or subconsciously think like this, especially in the US, where this is a major part of the cultural indoctrination, which is heavily influenced by calvinism. I might be wrong of course - but if you try to prove me wrong, please honestly post your actual wage per hour and what kind of "manager" you are (pretty much everyone is called a "manager" these days - the word has kind of become a means of giving people with low salaries the impression that they're doing important and respected jobs. Over here for example, they've already started calling housewifes "family managers"...)

Wages are only a small part of the overall production cost, so if you double all wages the prices will rise but at a much lower rate. If you rise wages 50%, the prices will only rise 10-20%, depending on the industry.

Well this is entirely wrong. It's not about making back the decreases but increasing profitability. Still being profitable isn't acceptable. So, in order to maintain that same level of profit, they're going to increase the price. Increases in taxation, minimum wage, and regulation lead to very fast increases in prices of the goods and services provided.

Wonder if anyone ever thought of imposing a Maximum Wage...

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.

ok, Minimum wage rises with the cost of living... usually. Cost of living usually increases first but still, if minimum wage increases. so does everything else. Food will definitely rise. Along with that because we are a capitalist society, some jobs will most likely be cut and less people will be hired because those companies will need to "make up the difference" even though they'll increases prices with it.

though this may be true, since we are in a capalist society, if minimum wage goes down, that may not mean they will hire more people. They want to push it down so that can make more money. Why would they want to hire more people when they are functioning fine with the number of people they currently have? The only time they would ever consider hiring more even if the wage goes down is if they see it increasing the efficiency to the point where it would benefit them. The same logic was used when they put some taxes down here (in Canada, Nova Scoita). They were thinking it would promote companies to increase the amount of people they would hire as they would have a bit more money but instead. only about 2% increase their work force while the rest either cut back or didn't change.

Glad i live in Texas where u dont need a college degree to make 25/hour

yeah but is that 25/hr job something you would actually want to do and enjoy doing?

The minimum wage argument is always so vexing. Yes, it increases food prices, but by such a small amount that it really affects nothing. If a store has 20 employees affected by a 1 dollar wage increase, and on average it employs 10 of those every day for 8 hours, you're only looking at an 80$ increase in cost per day. A grocery store could cover those costs with a tenth of a cent increase to food prices. But no. A grocery store will raise prices significantly more than it has to, and simply use the defensive rationale that their costs are higher.
It's bullshit really.

However, this 15$ per hour wage is really far too extravagant. I think 10-12 is a good average. That roughly equals 350 or so a week with a good tax refund and 40 hours.