People can't live off of the money they make nowadays. The cost of living is so high. Therefore minimum wage should be high.

During the 1960s and 70s, the UK experienced a period known as "stagflation", when wages grew rapidly but so did inflation, leading to an economic stagnation. Some economists argue that a sharp increase in the minimum wage could lead to a similar situation in the US. Additionally, small businesses might struggle to afford higher wages and could potentially lay off employees or close down, leading to job losses.