Ok we’re not gonna sit here and be like people don’t deserve it like minimum wage definitely needs to be raised, however this will diminish the currency and companies will raise prices in retaliation: further enforcing the currency’s diminishing value. Yes-raise minimum wage but also tack on max wage like you can’t make more than 5x than the lowest paid person in your company, a wealth tax and actually regulate the market to keep companies needlessly raising prices or undercutting other businesses and allowing monopolies. Thats its way more effective than only raising minimum wage.