Putting the poorest Americans out of a job with a 40% minimum wage increase is not going to narrow income inequality.
You're not just whistling Dixie. I'm a manufacturer that serves the building industry. Historically, work slows down during the holiday season. Fortunately, I'm able to keep my full crew busy with maintenance and the like during this slowdown. This will be impossible if they raise the minimum wage.
Oh, but if you have 30 percent unemployment but those who **ARE** employed are making $30 an hour, guess what?
The economy will still suck. Thanks, Dems. Why don't you admit that min wage is 1--earned by fewer and fewer people, 2--was NEVER intended as a sustenance wage, 3--only encourages people to work harder/educate themselves so they can move on to better jobs and make more money and that 4--raising min wage only makes unions, etc., clamor for higher multiples of same wage, 5--leads to higher inflation because companies have to raise prices due to higher labor costs?
There is nothing so uncommon as common sense.