"I don't think it's nonsense. The things that are wrong with a $1000 minimum wage are the same things that are wrong with a $10 minimum wage. They're just happe

"I don't think it's nonsense. The things that are wrong with a $1000 minimum wage are the same things that are wrong with a $10 minimum wage. They're just happening to different people" You don't seem to consider elasticity. Basically, the main argument of the proponents of a higher minimum wage is that the hiring capacity is elastic enough that a raise in minimal wage's benefits far outweigh the resulting loss of jobs. Saying that raising the minimal wage to 10$ show the same problems than raising it to 1000$ is wrong in that it considers that, at best, the elasticity of the hiring capacity equals 1. However, we can expect it to be false if we consider that the minimal wage has, in effect, went down in the recent years and that it did not result in a hiring frenzy.