Raising salaries increase cost of doing business for everyone in the sector--increased competition may only result in decreased realized revenue, and often may

Raising salaries increase cost of doing business for everyone in the sector--increased competition may only result in decreased realized revenue, and often may just result in further investment in the sector. To use a crude analogy: Burger King and Starbucks don't mind if a KFC or whatever opens across the street, because while the newcomer is "competition", it isn't a big deal, and may even bring in more customers overall (because now that area is a "food zone"). They will, however, all fight tooth-and-nail to fight raising the minimum wage, because that results in higher costs for everyone.