The minimum wage is now well under the natural wage floor. In most populated areas $15 an hour is old news, you have to pay $18-$20 if you want someone to show

The minimum wage is now well under the natural wage floor. In most populated areas $15 an hour is old news, you have to pay $18-$20 if you want someone to show up. Setting a new minimum wage that is still below the natural wage floor won't have much of a effect. It's the sort of policy that feels good but in practice doesn't do much.