Matt at Left in the West is arguing for an increase in the Mimimum Wage of $1 per hour. Now that may not seem to be very much, but if you are a small business, cost control is your biggest problem. Too much outflow not matched by income results in no employment.
Another question though: Why only a $1 per hour increase. If $1 is good, wouldn't $2 be better? In fact, let's make it $1000 per hour for minimum wage. This way everyone would make at least a quarter of a million dollars a year. That would be good right?
The problem is, how are the employers going to pay for it? Oh yeah, an equal increase in prices. The result is that there is no increase in pay, since the cost of everything is going to be going up as well.
Sometimes, what seems like a good idea, is not.