A question concerning economics & minimum wage

[Azuren]

SuaveSocialist said:
Minimum wage was designed to rise with inflation/cost of living/productivity, but wound up stagnating a few decades ago. Bumping it up to 15$ would put it at the level it's supposed to be at, and with certain safeguards in place would continue to rise with inflation/cost of living/productivity. The middle class would be healthier/growing and that is good for the economy.

Except the assholes at the top of every company wouldn't except that, and raise prices across the board to continue making the disgusting amount of money they're making. So no, it wouldn't help. It would cause a depression or inflation.