“Instead of sending poor countries money, shouldn’t we be telling them to raise their minimum wage?”

Many people—- mostly non-economists—believe that the poor get richer simply by raising the minimum wage. The following meme (featuring the Philosoraptor) was posted on X/Twitter by Being Libertarian on January 26, 2024:
 
“INSTEAD OF SENDING
POOR COUNTRIES MONEY
SHOULDN’T WE BE TELLING THEM
TO RAISE THEIR MINIMUM WAGE?”
 
 
X/Twitter
Being Libertarian
@beinlibertarian
(The following text is shown on an image, featuring the Philosoraptor.—ed.)
INSTEAD OF SENDING
POOR COUNTRIES MONEY
SHOULDN’T WE BE TELLING THEM
TO RAISE THEIR MINIMUM WAGE?
8:17 PM · Jan 26, 2024
 
X/Twitter
Rothmus 🏴
@Rothmus
(The following text is shown on an image, featuring the Philosoraptor.—ed.)
INSTEAD OF SENDING
POOR COUNTRIES MONEY
SHOULDN’T WE BE TELLING THEM
TO RAISE THEIR MINIMUM WAGE?
12:34 PM · Jan 27, 2024