and you would be inconclusive in your proposal.
gas impacts trucks. which effects moving goods to and fro. it effects jobs. it effects trips out. stuff bought. costs of delivery for a business. and on and on.
min wage workers, at the moment, typically go no higher than the 15% tax bracket.
like i mentioned, the multiplier impact of low gas prices is further reaching than just a wage increase, while not in of itself bad, has the same broad impact.
the min wage increase to the point where it's this taxable windfall is not good reality.
transversely, even if there was increased revenues(if you want to call it that) were to come from min wage increase, you again take money out of the individual's hands and give it to the govt who are magically going to spend it wisely, yet weren't spending wisely to begin with, otherwise those on min wage, umm....would be making more to begin with.
whereas lower gas prices, is an immediate, real time financial shot in the arm. not just to the individual, but for immediate circulation of funds into a service based economy which as we know, spending money oddly enough is best for a recession.
some even argue an increase in min wage could do an effective tax rate increase that is pretty sharp.
not technically apples and apples here but i'm looking solely macro and money supply vs recession and buying power at the individual level that not only increases CP(and consumer confidence)I but does go back to GDP.