I have a good working knowledge of two nations with minimum wage laws. I know there are minimum wage laws in Europe, but I'm not familiar with them. However, I have spent time in Australia, and have family there, and have studied their economic system quite a bit. Australia's MW is $15 per hour, they typically get 4 weeks paid vacation plus additional vacation pay and universal heath care coverage via a two-teired system. Their economy is plugging right along with low unemployment as the United States struggles through what is being called the "Great Recession".
Compare Australia to the United States MW of $7.25 per hour, zero benefits, period. Even many mid level occupations do not have health care coverage or any paid vacation time at all.
In the United States, the privileges and benefits tend to go to the wealthier, although many here have been convinced by the corporate media that the lower working class and the welfare class are recieving unearned benefits. I challenge any of those type thinkers to give up their current lifestyle and enter the welfare ranks if they really believe this.
For me, I will never begrudge giving a fair shake to the working class. A broad middle class is required for a healthy economy. Living wage laws and universal health care contribute greatly to a vibrant middle class. By my estimation, Australia has it right, and we, the U.S. have it wrong where the minimum wage and health care are concerned. The worst thing any society can have is the working class being divided against itself while the wealthy and privileged get richer and richer from the higher profits from low working class wages.