Raising minimum wage does not give an American Worker more buying power. It only causes inflation and any gain they get is lost through higher prices.
To resolve this issue, put a freeze on the govt’s ability to tax the new wages guaranteed through minimum wage increase.
So if min wage is $15, raise it to $16 and the government doesn’t collect payroll taxes on the extra dollar.
This way, the employer raises prices to cover the increased labor, and the employee doesn’t pay taxes for the portion of their paycheck that was increased. The employer doesn’t have to match the payroll portion of the tax, and more buying power occurs. It will disrupt the vicious cycle of American workers never getting a leg up.
This way the money they don’t pay in tax actually gives them increased buying power.