Really? Wouldn't barely profitable businesses cease to be profitable anymore and go bankrupt Surely if we mandated that the federal minimum wage is $50, we'd s

Really? Wouldn't barely profitable businesses cease to be profitable anymore and go bankrupt Surely if we mandated that the federal minimum wage is $50, we'd see businesses go out of business left and right, correct? Why would we not see a directional change like this for smaller hikes? Do you have any sources?