It really depends on how you categorize yourself and your co-workers. If you value yourself as simply an engineer and your coworkers as a janitor, cashier, etc.

It really depends on how you categorize yourself and your co-workers. If you value yourself as simply an engineer and your coworkers as a janitor, cashier, etc. then yes I could see your entire identity being wrapped up in making more than others. If you categorize yourself as a person and your coworkers as other people who also deserve happiness and the chance to ensure their children have a good future at exactly zero cost to yourself then you would see this across the board raising of the minimum as a good thing. If I make the salary I ask for and am able to lead the life I want on it, then the fact that everyone else I work with is also getting a great salary is only a net positive in my book. The fact that the higher earners salaries were not affected at all means they suffered no harm except for those led by their ego.