Most (but not all) minimum wage employers are small mom and pop family businesses that operate on razor thin margins and cannot adsorb the higher costs. Some will fail, some will automate and some will raise prices. The people who keep their jobs will be better off. The ones who lose their jobs from either automation or the failure of their employer will lose out. In my small business I was willing to pay higher wages because that's what it takes to hire the best people.
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