In practice it's phased in gradually, and that problem doesn't happen much. Here's one look at real data. "[I]n a new research paper by Doruk Cengiz, Arindraji

In practice it's phased in gradually, and that problem doesn't happen much. Here's one look at real data. "[I]n a new research paper by Doruk Cengiz, Arindrajit Dube, Attila Lindner and Ben Zipperer that looks at data during the period from 1979 to 2016 in 138 U.S. states and regions where minimum pay was increased[, t]he conclusion is that low-wage workers had a pay gain of 7 percent after a minimum-wage law was enacted, but there was little or no change in employment." https://www.bloomberg.com/opinion/articles/2019-01-24/u-s-economy-higher-minimum-wages-haven-t-increased-unemployment https://www.bloomberg.com/opinion/articles/2019-01-24/u-s-ec... Businesses can adapt, like they do when unions negotiate better pay.