system
Given the following post, respond as if you're commenting on Reddit:
human
I think raising the minimum wage is a bad thing. CMV

I head Joe Biden's address today regarding the plans to increase minimum wage, and I find his arguments weak, rationally inconsistent, or outright wrong. For example, 

*There’s clear data that shows fair wages generate loyalty of workers to their employers, which has the benefit of increasing productivity and leading to less turn over. It’s really good for the economy as a whole because raising the minimum wage would generate an additional $19 billion in additional income for people who need it the most.*

Loyalty to an employer will only happen as a result of a higher wage if *other* wages remain low. If all employers must offer the same minimum wage, this will do nothing to increase employee loyalty -- an employee could just as easily go anywhere else and earn the same amount of money. 

edit: It was pointed out that I did not substantiate why I disagree with raising the minimum wage, I merely objected to a single point in Biden's argument. Here are some points that concern me: 

One: I believe that if the government legislates a minimum wage, then it coerces employers into accepting a condition for a contract that they may not agree to otherwise. There is no corresponding force on the other side of the contract, no one is forcing people to take employment at a certain wage, and I absolutely don't think there should be such a thing. It is the same line of reasoning that brings me to the point of not wanting to force employers into something that they may not see as beneficial for them. 

Two: I believe increasing the minimum wage will reduce the number of available jobs, and small businesses aren't exactly thriving. 

Three: This one is a bit more abstract. The dollar isn't exactly a constant measure of value, nor is any other currency. In economics, we adjust for inflation, we adjust for prices of fuel, we adjust for any number of factors. If I compare the cost of a banana today to the cost of a banana 50 years ago, I can't make an immediate conclusion whether the value of the dollar has changed more, or that of the banana. In the same sense, an hour's worth of unskilled labor can be considered a similar commodity, but it is a commodity with behavior that is closer to oil than it is to bananas. If we raise the minimum wage, the price of *everything* will go up. 

Four: Let's say I'm wrong about number three, and say I want to earn better than minimum wage. Is it worth it for me to try to gain education or a certification of some sort if I can gain a job at $12/hr? Maybe, if minimum wage is $7.50, and maybe not if it's $10.10. It depends on the cost incurred to acquire the skill or education. But there definitely is a group of people out there at the point of this decision who will conclude that improving their skills simply isn't worth the time, effort, or investment.
gpt
You want spenders to have cash to further the economy. Man with 30 million gets another million, that money is getting invested, not moving the economy. 

1000 people making living by the paycheck get an extra 1,000, that money is immediately getting pumped into the economy. 

Also, you want to encourage people to work, not live off government subsidies.