The minimum wage is what is known as a "prove floor," which historically has caused shortages in markets. That being said, I am not opposed to a raise in the minimum wage in general, but pulling $12 out of thin air is a highly suspect way to go about it. I see two feasible ways to actually raise it. 1) find the market equilibrium amount for a wage and set it to that. 2) Take the poverty level wage, add .01 per hour, and have it adjust for inflation yearly. I would also only make these applicable to full time employees over the age of 18.