The way to think about it is that the bigger the minimum wage, the closer you get to econ 101. When you're below a certain threshold, the bargaining power effe

The way to think about it is that the bigger the minimum wage, the closer you get to econ 101. When you're below a certain threshold, the bargaining power effects of the firm hiring minimum wage workers having a monopsony of sorts can mean a MW with little-to-no disemployment effect. I could even see a $15 MW be reasonable in, say, the bay area. But it would be a ridiculous affair nationwide.