Minimum wage argument is a little fruitless, in my view. It&#x27;s just moving the yard stick with no real gain.<p>If you said on 1st of Jan the minimum wage was $50, businesses would raise product prices to cover the overhead. That leads to inflation. Suddenly a Big Mac jumps from $2.25 to $14.51. Nobody is better off because the ratio has stayed the same.<p>Of course you cannot peg the price of the Big Mac because you end up in the same situation as Venezuela.