While the general argument for a minimum wage increase is inherently flawed, there is an justifiable argument completely separate from it that is not flawed.
The general argument you hear is that the minimum wage should be a sufficient "livable wage," or so it is called, and is often pegged around $15/hr. The problem with an immediate wage increase of this much is, it will lead to some pretty significant inflation (especially at smaller businesses and thus the $15/hr no longer being "livable"), some industries going out of business completely (I'm especially looking at the bar industry, as people simply wouldn't be willing to pay 50% more for their burger, fries, and beer at their favorite local joint on a lazy afternoon), as well as the current moderate wage workplaces having some pretty upset workers. If somebody at McDonalds is able to make $15/hr, than why am I only making $26/hr with a 150 credit degree and 3 letters after my name (CPA).
Now, the legitimate reason why the minimum wage should be raised, and how it should be? It should always be attached to inflation, plain and simple. Why is a minimum wage worker today making $7.25/hr, when a minimum wage worker 10 years ago made $7.25/hr. I realize they don't have a college degree, but I also realize that they are making effectively 30% less money than 10 years ago for doing the exact same thing, which is by no means fair.
Money can't buy happiness. Just video games, which make me happy.
