The implication I’ve seen is that the bosses of minimum wage workers would need to see a pay increase if their pay is also only a little higher than minimum wag

The implication I’ve seen is that the bosses of minimum wage workers would need to see a pay increase if their pay is also only a little higher than minimum wage already. So pay would get crunched higher in those situations and mostly at the lower levels. The data for increasing minimum wage is curious. While job losses don’t occur for the most part when increased there does appear to be suppression of new jobs, some churn in rural areas, and for small businesses starting up. However, the stats I saw don’t really show anything about the wage distribution of new jobs but currently most new jobs are temp and gig workers that are usually higher than MW anyway. I’m generally in favor of market based approaches because they’re less susceptible to political issues but improving baseline wages at the bottom with a market would mean we need to drastically create more employers needing unskilled labor, remove a ton of unskilled labor from the pool, or increase unionization to increase bargaining. These are all a lot harder to accomplish and take a lot longer than just making MW higher by regulations but the political capital spent here to pass the increase in today’s America would be worse IMO than focusing more on affordable housing and healthcare that are easier with legislation and public funds.