Steve's barking with an increase of minimum wage

What would happen if the minimum wage would double?
For those who tell you what happen if you would increase the minimum wage, laugh in their faces.
There are several scenarios.
(1) Prices would go up, leading to minor inflation.
(2)Because prices go up fewer people would partake of some services, therefore leading to fewer people needed to fill jobs.
(3) Lower payed workers would have more discretionary income there by buying  more cheap goods and services creating a need for more workers.
(4) Profits would be lower, competition says that you can only raise the price of goods and services so much.
( 5) Profits will be greater in some industries because the poor have more money to spend and will.
(6) Prices will rise because there's more money to spend.The price of housing and food will go up because the poor have more money and want better.
(7) The price of food and shelter will stay the same, The poor barely makes their rent and food budget now with more money they'll just have more breathing room.

If some one tells you that the raise of the minimum wage will (name the position) ask if he or she has a crystal ball?
Are we mind readers and know what a person would do with extra money?

What's my position on raising the minimum wage?
Raise it allot. I'm a red blooded American, who thinks we are being to coerces.
I'm not a wuss.