But those on that wage level won't have lost anything either.
And I think a minimum wage wouldn't have a major influence on inflation.
One problem today is the loss of jobs due to more and more automation and outsourcing of manual labor.
Naturally this causes a drop of wages in certain professions because of less demand.
My opinion is that a society shouldn't allow wages to drop below a level where you can't make a living by a full time job.
Not because I'm so good at heart but because of all the related problems with poverty and crime that come with those low wages.
So - minimum wages seem to be a good idea to me - but I'm always open for better solutions.