My college Business Law profession taught us that whenever you raise the minimum wage the economy sees a loss of jobs.  When employers have to raise the hourly wage, they have to compensate for the loss on their bottom line by laying off some of their workers.   Money does not grow on trees, businesses need to make some sort of profit to be able to have money to put back int to business so the business can continue to thrive, grow and  pay salaries to their employees.