No. Wages are a function of competition for that job.
Competition keeps the market in place. Perfect example.....supermarket checkers work 3x faster now because of technology like scanners, credit cards, etc. than 40 years ago (Back then the checker read the price label, pushed buttons on a cash register....then waited for the customer to write a check....very time consuming. )
- Does the supermarket checker earn 3x more money? No
- Does the business earn higher profits? No. (Competitors use the same technology. )
- Who benefits from the efficiency? The customer.
A $15/hr wage will do the reverse. Higher costs paid by the customer....which means they'll need higher wages to keep their standard of living. The $15/hr wage earner will see higher costs for rent, gas, food, etc. not a better standard of living. So, it will be inflationary, and the biggest losers will be retirees.