How can anyone who cares for their fellow man and who has even the most rudimentary understanding of the basics of economics support the minimum wage? This is yet another bill that hurts the very people it claims to try to help. Observe. Could Walmart afford to pay this rate? Probably. Could Target? Probably. Could the big companies? Probably. You know who can't? Small businesses. Start-ups. Mom and pop shops. So now their ability to grow and provide consumers and workers more options in the market is cut significantly. Speaking of workers themselves, let's talk about what a terrible thing this is for them. The minimum wage is marketed as "You'll get paid more!" In reality? You'll get paid more if your labor is already worth at least that much. But if you're unskilled and trying to find an opportunity to learn? "Sorry, teenager," or "Sorry, guy who didn't finish high school," or "Sorry, single mom who dropped out of community college, your labor is only worth $9/hour, so it doesn't make sense to keep you employed at $13/hour. Nothing to do with your value as a person, but you're not hired because of being a person. You're hired because of the work you do, and if your work isn't worth this arbitrary price floor then you're not staying employed. The government has told me that I'm not allowed to pay you less than this number, so my options are either to lose money intentionally or to let you go. And I'm sorry to say that our competitor down the street, where you otherwise may have been able to go look for a different job, closed because they couldn't afford this arbitrarily mandated wage." But say you're skilled labor, or at least sufficiently skilled or experienced to justify being paid that much, and you work for a big company. At that point this would be a good thing, right? Well yes, until the prices for everything you buy adjust. Because, you see, the grocery store and the department store and the gas station and the gym and the restaurant and your landlord, they all had their cost of doing business raised. They're having to pay this minimum wage to THEIR employees, too, and so they're probably having to raise their prices a bit in order to stay profitable. So that new income you're now receiving will pretty quickly evaporate amidst higher prices for, well, everything. So the minimum wage hurts small businesses and it hurts unskilled labor, and it really does nothing in the long run for skilled labor at big businesses. "But it needs to keep pace with inflation!" Well why is there inflation? What if we just stopped inflation? What if there wasn't a half-government, half-private institution that existed for the sole purpose of intentionally inflating our currency? How about we just fix the money instead of having this same inane debate every couple of years? Ending the Fed would do infinitely more to help the poor (and in fact to help everyone except the government) than would having another stop-gap increase in the minimum wage.