This is terrible reasoning. A million different variables go into real household income, productivity, and corporate profits. Just because corporations are mak

This is terrible reasoning. A million different variables go into real household income, productivity, and corporate profits. Just because corporations are making profits does not necessarily mean a significant number of people making minimum wage won't be fired when the minimum wage is raised. It's not like you have managers sitting around saying, "Well, we're making money... so we can afford to pay a worker $9/hour even though their output is only worth $8/hour." If it does not make economic sense to retain a worker, a company will fire that worker.