Because ObamaCare is such a complete failure, the president is at least slightly welcoming the latest distraction to keep the masses from noticing that problem. Protestors took to the streets demanding that the government not only increase the minimum wage, but essentially double it. Of course, while that might seem like a nice idea for people that are barely making it by with low wage jobs, it would not work out very well for them in the end.
Forbes explored this issue at length a while ago, but their findings remain just as true today. Slight increases in the minimum wage have been shown to cause job losses, as companies downsize to absorb the increased costs of their labor force. One thing that has changed is the effect of ObamaCare on the situation. Many employers are already looking at cutting hours of low wage workers to avoid the increased costs of benefits for employees.
Liberals are demonizing this action, and are still demanding higher wages, while ignoring what should be obvious. Increased costs must be paid one way or another, whether by cutting labor costs, increasing prices for consumers, or a combination of the two. Since the latter is a likely solution for many companies that employ low wage workers, that would mean the continuation of a vicious cycle for the very people that liberals would hope to help by increasing the minimum wage in the first place.
Low wage workers tend to use the goods and services of companies like fast food restaurants and WalMart, so even if their wages are increased, it probably will not help them very much in the end. A pay raise doesn’t do much good if the price of goods and services goes up, too.