Why care about a minimum wage increase, if you do not make minimum wage? This is a perpetual response by people in favor of minimum wage raises, but the economic truth is it does affect you, beyond the microeconomic implications. The increase in wages without an increase in production has to be atoned for in the economy. There must be some counter weight to this income increase. That counter-weight is inflation; this is not the good inflation associated with increase of production, this inflation is a simple implicit economic response of the market to there being more money in the economy without more goods. This results in the individual dollar being worth less that it was before the minimum wage increase. If you make more than minimum wage this means your savings now has less buying power, and you are conversely poorer. This system of increases of wages without increase in production erodes the exact economic agent that drives the economy, savings. Saving and investments are the cornerstone to economic growth, and in modern banking they are one. Investment is what allows for innovation and capital acquisition, both lead to increase in marginal production and therefore an increase in wages. By raising the minimum wage, in a horribly case of irony, real wages are being suppressed in an obscene attempt to raise them. This is where politics and economics generate friction, when policies meant to achieve one economic goal cause the opposite effect of the intend result. In order to increase wage, production must be increased, which can be done through education and skills training. The solution to the income crisis is knowledge.