The thing is though...the amount of profit that a Walmart worker brings is actually very high. When I worked at Sears in college, my contribution per hour (profit, not revenue) was several times higher than my actual salary. These numbers were readily accessible and included on your commission report each week. I was paid commission and earned about twice what an average Walmart worker makes in a store that did a fraction of the business a Walmart would.
You are paid for what you are worth (usually).
Walmart guy is making walmart money for a reason (again usually).
Welder guy is making his rate for a reason.
Banker guy is making his wage for a reason (this is one of the more corrupt examples).
In my perfect world system, the cream would rise to the top. A highly skilled worker would be in demand, thus companies would compete for his work and he would make a higher wage, gaining himself capital and perhaps giving him the chance to start his one.
Making the minimum wage would hurt more than help IMO.
I would much rather invest in programs to bring people up in employment, across the board, than pay unskilled workers the same thing a Nurse with a 2 year degree starts off making at New Hanover Hospital. Should full time janitor with no education or cultured skill set make the same as a educated nurse ?
Employees at Sears and HHGregg can actually make a livable salary because they're paid commission on what they sell, but at Walmart, Target, Best Buy, and countless other retail stores people cannot make a livable wage even though their contribution to store profits is wayyyyyyyyyyyyyyyy higher than what they are paid.
The retail environment used to pay many people a livable wage, but the rise of mega-stores destroyed many of these jobs and replaced them with minimum wage or slightly above minimum wage jobs.