[RickJWagner]

Pensions? Not likely, in the US.

As for Social Security, it was designed to cover (at best) 40% of costs. That leaves your (shrinking) investments to cover the majority. And Social Security is quickly running out of money. (This should be fixed immediately. Before forgiving student debt, or many other things. Social Security is vital!)

Younger workers will get inflation adjusted raises. The older will lose purchasing power. Inflation is absolutely harmful to those on fixed incomes, less so to those on elastic incomes.

But if you're arguing that a $15 minimum wage was harmful in general, I won't disagree. Inflation hurts everyone.