Scott Lincicome writes about the $15 Minimum Wage at The Dispatch. He starts out by quoting Thomas Sowell, so he's already on my good side. (No Lewis or Chesterton quotes, though.) It's long, but recommended, but here is a quick summary:
Overall: If the goal is to help the poor and struggling, it will help some of those, but nowhere near as many as claimed. It will hurt others, and this is being ignored by the bill's proponents.
7. Prepandemic - by the end of 2019 - we reached the lowest poverty rate ever without it. "Ever" is a big word. Usually when we say lowest or highest, best or worst about some statistic we add the qualifier "since 1970," or "in the modern era." We reached the lowest poverty rate in the history of the United States, even though the last minimum wage increase was in 2009.
8. If you want to help the struggling, cost of housing is likely one of the more efficient ways. That can be complicated, and even more prone to tradeoffs rather than fixes.