"I’m a strict free-market guy, so I view this as a pretty black and white issue - labor pay is reflective of two things: the value of the service provided and the scarcity of that ability to provide it. Thus, if pay is low it is because there are too many people able to fill that job. Look at the top software engineering market right now for a prime example - Apple, Tesla, and others are literally offering bonuses in the 6 figures range. This isn’t because there’s some conspiracy to ““hold down the poor”” or some other ridiculous theory, but rather because there simply isn’t enough quality engineering talent to go around. These companies are forced to poach and beg to gain employees - if companies are bidding over you, your pay goes up.
This also works in the opposite direction, if pay is mandated to a higher level then companies will have to find ways to gain more value out of that job - i.e. with greater automation and fewer jobs.
No one is against higher paying jobs for everyone - the issue is rather how to arrive there. You can’t mandate the raise, but you can foster economic conditions that foster a competitive environment where workers become more in demand with higher salaries.
Sidenote: People get kind of lost in the sociopolitical aspects here, and this a whole other argument - there are people all over the world quite LITERALLY starving to death. A person who can’t afford a new TV is far different from some poor kid in Africa barely scratching a living, so when you talk about social responsibility at least look at the bigger picture. In an ideal world everyone would get the American dream, but you can’t just mandate it - you have to encourage an entire world economy so that everyone can at least have the opportunity to earn their dreams."