Yes, but if the minimum wage increases, everyone who makes above minimum wage has a better argument to get a raise as well. Employers have to make pay competitive, and a raised minimum wage sets a new floor that wages have to be based around.
Edit: Also, that ignores the fact that there are people who make above minimum wage but below whatever it might be raised to who would also be affected by a minimum wage increase. If the wage was raised to $15, for example, then anyone who currently makes between $7.26 to $14.99 an hour would receive a raise, despite not being represented in the data set you reference.
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There are many ways including supporting unions, raising minimum wage, or less taxes for lower income households.
https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_States
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Yes, but if the minimum wage increases, everyone who makes above minimum wage has a better argument to get a raise as well. Employers have to make pay competitive, and a raised minimum wage sets a new floor that wages have to be based around.
Edit: Also, that ignores the fact that there are people who make above minimum wage but below whatever it might be raised to who would also be affected by a minimum wage increase. If the wage was raised to $15, for example, then anyone who currently makes between $7.26 to $14.99 an hour would receive a raise, despite not being represented in the data set you reference.
Make a 5 year plan for what will be produced, set all prices and wages, and then dictate the exchange rate for foreign currencies.