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The politer, less dismissive reply to your post is that each time the minimum wage is raised the dire predictions you've listed are made and they never come to pass. What does happen is that the increased spending ability of the people making minimum wage stimulates the economy. People at the bottom spend every cent they earn. Increase their wages and they'll spend that too.
The constitutional amendment part is another matter. We get them all the time out here on California. Since voters rarely do enough due diligence to truly understand the implications, often far reaching, of the initiatives they're asked to vote on, the chances of enshrining serious errors in judgment into the state constitution are very high. So, as a matter of principle, I'm against the practice of amending constitutions by a simple majority vote of the "rabble".
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