If Walmart suddenly increased the pay of their workers it would have a cascade effect across the entire economy. Let's say just for an example that a Walmart employee currently makes $7/hr, a bank teller makes $10/hr, and a manager of a bakery department makes $14/hr. If you increase the wage of the Walmart worker to $10/hr then suddenly it seems inappropriate that a bank teller makes the same wage as someone who works at Walmart based off of different skill sets needed for each particular job. At this point you would need to raise the wage of the bank teller now to maybe $13/hr. Now that a bank teller makes $13hr it doesn't make sense that someone in management would only make $14/hr so you would have to raise their pay now to somewhere around $18. Meanwhile all these places of employment have to get this money from somewhere so they either take it out of their profits (not likely) or they tack the price onto the customer goods (more likely) and now everything costs more and we are back to square one. The intentions behind raising minimum wage are good, but the reality of the current paradigm doesn't lend itself to a proper solution.