And that the owners sat in the back drinking expensive whiskey and counting money? These are low margin businesses, small business owners aren't taking home 10X

And that the owners sat in the back drinking expensive whiskey and counting money? These are low margin businesses, small business owners aren't taking home 10X their employees. By hiking the minimum wage, you make these businesses inviable for anyone but the large players. The business closes, employees go work at the big company who can afford to stay afloat, competition all closes, prices go up, small business is viable again. Is that really the cycle we want to encourage?