Ping for $1000.00 hourly Minimum wage solving ALL problems.
While I appreciate the joke, it's worth looking at the limits of the idea:
Average US earnings ( GDP / (population * 2000 hrs) ) is about $29/hr.
That's with _everyone_ working.
As minimum wage approaches that number, and if we tacitly assume the unemployed are receiving benefits on par with min wage, that rapidly flattens out how much the actually productive among us get to keep. Rising $minwage first adjusts the values of low- vs high-end work (revisiting the accepted value of work), then starts trimming employment (cutting jobs that just aren't worth $minwage) and moving many/most of those onto welfare, then starts killing businesses that simply can't afford that cost vs revenue ... to wit: pay for high-end jobs drops, followed by gov't raising taxes to afford welfare approximating Universal Basic Income.
Thus, at a minimum wage of $29/hr (ignoring inflation), no worker nets earnings greater than that, no unemployed nets entitlements less than that, and nobody has an incentive to work for that (much less produce significantly more on-the-books). Society collapses.
Of course, in analyzing the joke, any minimum wage over $29/hr means straight-up inflation; all prices would simply scale accordingly. GDP is a number dividing the total value of all productivity; increasing $minwage just makes those slices smaller.
TL;DR - Maximum "minimum wage" is $29/hr. At that point, society dies.