This is false, because you are ignoring the fact that raising the minimum wage flattens the distribution of wages. Purchasing power decreases, but only low-wage

This is false, because you are ignoring the fact that raising the minimum wage flattens the distribution of wages. Purchasing power decreases, but only low-wage-earners income increases. higher-spending people feel more of a crunch, and lower-income people get more of the benefit price increases impact higher-spenders more than lower-spenders