Example: Sometime I hire some high school kids to help out around my small farm. I pay them $7 an hour or a little more if they go a good job. If I was required to pay $15 an hour I would not hire them. I would do all the work myself. Thus spreading the income gap between a middle class part time farmer and a high school student.

I have a feeling $15 would result in a lot of layoffs and jobs closings. It would not punish the rich for being rich or even come close to making everyone middleclass. It would only hurt many of the people currently making minimum wage (out of a job), raise prices for goods that would in turn put the hurt on the middle class and lower. This would also increase “under the table jobs” and encourage illegal aliens.

While raising minimum wage sounds good, when the free market is messed with the results usually are not good.