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Why raise the thermostat setting from 40F to 65F? Why wouldn't 100F be better? Where between 65F and 100F do you draw the line and why?

I draw the line at about 74. When it starts to get into 75+ it gets uncomfortable for me personally. So instead of being dismissive I think it's actually worth thinking about the question. If $15 could work as a minimum wage, and $100 would clearly not work, where in that range does the transition happen. Or maybe $15 is already too high, but $12 could work. I certainly don't know the answer, but it's an interesting thing to ponder.

Australia's on roughly $15/hour. They have LOWER unemployment.

You draw the line when you start getting inflation at about 10-12%. That's when inflation starts to have an effect on economic growth.

It could be raised gradually until that point.

When the wage is higher than mine :P