While I generally agree that minimum wage needs to be increased, I think it would be better if we could tie the wages of employees to the top CEOs/officers of the company they work for, particularly if the company is incorporated and the owners/top executives benefit from any of our limited liability laws.
This would help prevent local small businesses with thin margins and low owner/worker pay ratios from suffering unduly from employment/wage laws that would run them out of business. It would also help rein in the ever-expanding (and very damaging, IMHO) CEO:worker pay ratio.