I am *for* an increase if it comes at the expense of people / businesses that can afford it, and not at the expense of people who have worked to get to a middle-class type of wage and not at the expense of the small business with few employees that barely make ends meet. Raising minimum wage shouldn't devalue other workers and it shouldn't put cause a business to go under.
When you raise the minimum wage in order to help reduce poverty, businesses adjust pricing for their services and cause inflation to rise. I don't have the solution to that problem and I probably never will. Hell, the only solution that makes sense to me as an armchair web-forum economist is akin to communism, but it only makes sense to me...I don't know if it'd actually work.
I only know that in order for something like minimum wage increases to work, the wealth re-distribution has to come from those that can afford it, and by that I'm mostly referring to that top 1% - 5%.
EDIT: I'm more in favor of a profit or revenue sharing type of model rather than a blanket increase of minimum wage. I'm fortunate that I work for people that already do this.