I haven't read all of the replies but a lot of you are missing an important point.... If I only have minimum wage employees and the minimum wage increases from $10/hr to $15/hr (50% increase) I would not increase my monthly payroll budget by that unless I wanted to obliterate my bottom line. Sure I might increase my payroll just enough to maintain an acceptable level of customer service but people start businesses to profit and make money. Not to provide for others. Being able to provide jobs for others is a perk of running a successful business. That will happen less if the minimum wage makes having a successful business more difficult!
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I haven't read all of the replies but a lot of you are missing an important point.... If I only have minimum wage employees and the minimum wage increases from $10/hr to $15/hr (50% increase) I would not increase my monthly payroll budget by that unless I wanted to obliterate my bottom line. Sure I might increase my payroll just enough to maintain an acceptable level of customer service but people start businesses to profit and make money. Not to provide for others. Being able to provide jobs for others is a perk of running a successful business. That will happen less if the minimum wage makes having a successful business more difficult!