Currently the U.S. minimum wage amount is $7.25 an hours for workers. This is only $15,080 per year for a full-time workers and much, much less for part time workers.
An increase in federal minimum wage would lead to a huge increase in consumer spending as well as demand for products and services.
Including the adults that the increase would affect, every worker under the age of 21 still in college or high school will be able to contribute to economic growth.