Democrats want to raise the minimum wage. How much is an appropriate minimum wage?

Question

The fact is that, if you set the minimum wage at $ 7 million dollars, then people making $25 dollars an hour now would make $25 million an hour.

Answer 1

$5,000,000 seems fair to me. If that were to happen my salary would be $565,000,000 and that is real money.

Most of these dimwits do not realize the min. wage only acconts for about 5% of all the jobs and if you raise the min. wage there will be another spike in inflation because the employer is not paying min wage only he is paying taxes and ocupational health taxes and half the social security bill plus the tax rate changes for the worker and only gets what 55-60% of the raise? That means what 20-35 cents? wu-who now they are rich but wait all the goods and services have to go up to pay for this raise so we are at the starting point all over again.