Why would any rational anyone, "demote" jobs back to minimum wage, when they could just adjust the wage economics accordingly, and implement a PRICE freeze on anything else.<quoted text>
If you were already making $11-12 per hour, how would you feel about being demoted to minimum wage.
Increasing the minimum wage by that much would be grossly inflationary.
Even rich folks would want more to cover the higher cost of their Big Mac.
Then there would be NO need demand "more" to cover any addition costs.
Kind of like that elusive to America thing the past few years, called a B-U-D-G-E-T.