>> But its the right thing to do, to increase the standard of living for the most vulnerable among us.
Minimum wage decreases the standard of living for the most vulnerable. i.e. physically or mentally disabled persons, people who have been in prisons, unskilled labor, new immigrants with language difficulties. The minimum wage forces them to provide a minimum price for their labor services, resulting in unemployment.
You want to hire a person for a typical minimum wage job - would you pick a high school graduate at the minimum wage, or a physically disabled high school graduate at the minimum wage? The minimum wage just gave the latter the shaft because they can't negotiate to get the position for a lower wage.
For the slightly less than most vulnerable, then yes, minimum wage is a good thing. It's cannibalisation of the most vulnerable by the second most vulnerable.