The federal minimum wage rate has a beneficial effect upon all USA labor compensation.
The federal minimum wage rate affects all USA wage and salary rates but it does not affect them all equally.
The extent of the federal minimum wage rate’s effect upon a job’s rate is proportionally related to the differences between the two rates. Lesser wage scales benefit more and higher wage scales benefit less but it is not detrimental to any USA wage scale. To some extent it bolsters all USA wages and salaries but it is of the greatest benefit to the least earning fifth of our nation’s income earners.
USA’s labor costs due to USA’s the lowest wage rate workers are not generally the greatest proportion of costs attributable to labor integral to USA products’ prices and extremely few USA products prices are entirely due to labor.
USA’s lowest wage rate workers and thus the federal minimum wage rate is not among the major contributors to the U.S. dollar’s inflation.
The to the extent of the federal minimum wage rate’s purchasing power, it does reduce USA’s incidences and extents of poverty which is of economic benefit to our entire nation and is particularly financially beneficial to USA lowest earning employees and their families.
I’m a proponent of the federal minimum wage rate being "pegged" to a price-cost index number. This has successfully retained the purchasing powers of Social Security retirement benefits and it would do the same for our minimum wage rate.