Is raising minimum wage nationwide a horrible idea?

[phaedruss]

catofellow said:

If the minimum wage is a bad idea, then inflation will eliminate that bad idea over time by eroding the real increase in wages.  If it is a great idea, then yes another raise would be required.

Either way it's a bad idea in that scenario since it's the exact same thing. Bad idea (in your scenario)=inflation eroding away the increase in wages which would lead to another political need for another increase in wages.