"by what the market will bear. The other option is that profit margins will narrow" You say this back-to-back, but seem to completely ignore the fact that the

"by what the market will bear. The other option is that profit margins will narrow" You say this back-to-back, but seem to completely ignore the fact that the market can bear a higher cost once the minimum wage is raised. Sure, $15/hr won't affect the price of Porsches or Lexuses, but the lower-priced goods that someone making minimum wage is buying will likely be affected.