My kids' friends dad (and by proxy our friends now) is the COO of a retail store chain frequently found in malls around the country. Every year the minimum wage increases in Colorado, Arkansas, Missouri until it reaches whatever minimum wage they were trying to get. He said every year that costs them an additional $200k in wages. Their solution was they immediately cut 20% of the workforce and reduced their hours from 2 shifts to 1 shift. How's that working out for those high school kids and others that never improved themselves to make more than minimum wage? Best case, they're now working fewer hours. Worst case, sorry, you're part of the 20% that just were cut.
