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From a purely experiential viewpoint i dont see how there can be a right or wrong in raising minimum wages. In chicago we live very close to the border of wisconsin, michigan and indiana and many companies have up and moved to avoid taxes, insurance premiums etc. I also live only blocks away from streets where the southern side is chicago and the northern side is a suburb who did not raise the minimum. The result is the minimum wage earners taking jobs across the street for an extra $40 a week and leaving business understaffed.
In my field, caregivers and direct support professionals for special needs adults get paid minimum wage. Upping the minimum gives us more chance to hire qualified individuals who may actually stick around for more than 8 months. It truly seems like a catch 22.