[NineStarPoint]

This is a separate and more reasonable argument, but doesn’t directly hold much water at the moment. There aren’t many jobs that aren’t worth mechanizing at $15 an hour but are at the current minimum wage. And people aren’t hiring more people than strictly necessary to run their business regardless, so they can’t just drop lower-performing employees due to a wage increase.

The related concern that is real is that businesses that are solvent at current minimum wage might not be if they had to pay their employees 15 dollars an hour. The question is if we think it is more valuable that people get paid a more liveable wage for their effort, or if we value the jobs/services that businesses that pay under 15 dollars provide more than that. Second question is if the destruction of employers who rely on low wages to exist would also open up room for less exploitive employers to take their space in the business sector. A third question countering that is if lowered profits to business has a stifling effect on money-funded innovation. And then there are questions beyond that, that ultimately sum up to “Economics is complicated, and just looking at first order supply and demand effects never tells the whole story.”