Don Boudreaux on Minimum Wages
"Well, obviously I wouldn't like to make less than I earn now, which is substantially more per hour than $5.15. But this fact is utterly irrelevant to the argument...
...Suppose a witch doctor insists that he can cure cancer merely by doing a dance. If someone who is skeptical of this claim expresses his or her skepticism, does the skeptic lose credibility if he or she isn't a cancer victim? Would a believer in the witch-doctor's supernatural powers score intellectual points by rhetorically asking the skeptic "How would YOU like to have cancer?!" Does the obvious benefit, the great goodness, of curing cancer patients of their disease increase the likelihood that the witch-doctor's dance will actually cure these patients of their cancers?"
Similarly, if you believe that raising minimum wages will not in fact help the poor, then the question of the unpleasantness of living on a job that pays just $5.15 is just as irrelavant as the unpleasantness of having cancer is to the question of whether it will cure cancer.