To be honest, what he did is completely fine with free market capitalism. He had enough excess money so he choose to give higher salaries to all his employees.

To be honest, what he did is completely fine with free market capitalism. He had enough excess money so he choose to give higher salaries to all his employees. He does what he believes the right thing to do. Plus side, giving higher salaries usually has a positive effect on your job after all, as long as you can afford it. It seems to work for him and hopefully it will lead some others to do similar things. But just by looking at this and universally forcing higher minimum wages may create unwanted consequences (Such as Lay offs, increase in un-documented exchanges or tax evasion simply because employers with already razor thin profits cannot afford salaries anymore.). Especially for small and medium sized companies.