If the minimum wage had been raised at the same pace as interest rates then we wouldn't be having this conversation. Education has become ludicrously expensive, even for those that can afford to go to college - i.e. not having to work full time to support basic needs while taking on full time classes. The job market has become so competitive in recent years that even those with degrees find it difficult to get a decent job. We should be rewarding graduates for expanding their education, but that doesn't mean punishing people who can't afford it or chose an unconventional career path. Plus, people making more money tend to invest more into their children via education, time, and better lifestyles and diet, thus providing them with better opportunities to succeed. Also noteworthy: most minimum wage jobs don't allow people to work full time.