Oh, definitely - but UBI is the solution to kill this problem dead forever (or better social safety nets) such a high minimum wage would likely just exacerbate wealth inequality as decades of underwhelming wage increases means that everyone but the rich would be making about the same amount of money and all that extra income would be captured by landlords and greedy corporations.

I like increasing the minimum wage - I think sudden drastic increases just erases middle and lower class savings while letting the richest capture more wealth.