Min wage at that level would obliterate fast food.
Two birds with one stone? Ideally, everyone except for the ruling caste should be receiving their free rations from the government anyway.
I know your joking in a Pit kind of way, but, yes, making something that contributes to the coming health care crisis less available could be a good thing.
Also, free market will find a way. Something will fill it's place. Could be the return of ppl actually making their own food and controlling how much they make and what they use to make it though.
Don't get me wrong, the min wage idea is a bad one. I am just intrigued with what change(not welfare related) that it might kick off.