> You can't just raise minimum wage and expect people to make more money since businesses need to fire everyone who aren't worth the new minimum wage [...]

This way of thinking is what's wrong with USA (among many other things).

You don't (or at least shouldn't) hire lots of people because it's cheap.

It's a voluntary agreement between people. It's not immoral to pay minimum wage to someone when they both agree. I find it to be immoral for the government to force themselves into the agreement.

Only ~1% of people in the US make federal minimum wage. ~58% of that 1% are serving related occupations who collect tips that are not counted in BLS wage data.

You need to use median wage - which is ~$24 for all occupations.

If that way of thinking is wrong, why not just make the minimum wage a million an hour and let everyone be mega wealthy? What do you think would happen if we passed that?

Edit: to the down voters, what is your answer to the question?