The minimum wage discussion often goes down a lot rabbit trails. As a business owner of many different businesses for decades, it’s this simple. If a job is worth the minimum wage, it will be hired for. If it’s not, it won’t. Wages are nothing more or less than a cost of doing business. If you have a job that produces/saves $10/hour and labor is only available at $15, then that job will go unfilled. You can’t spend $15 to make/save $10 and be in business long. You can’t raise your prices to compensate completely either. There is some “price elasticity” but that’s limited. The effect of having wages being forced to be higher is that people who’s skills can’t produce that amount are forbidden by the government from working. Not all jobs must be filled by a business. I have jobs that I could hire for if there was $5/hour labor or $7/hour labor available. There isn’t that labor available so those tasks don’t get done. And it’s not an issue because they wouldn’t produce much for the business anyway. Different jobs are worth different pay. I have jobs that are paid $100 or $200/hour and some that are worth $15 or 18. Depends on the value of the job. In one business, I have one job that is currently worth $12/hour, based on what the market will pay for the services. If $15/hour becomes law, I will have no choice but to lay off that person and either outsource it or automate it. If the min wage goes up, the price I can get for that service absolutely won’t go up so I will have no choice. Pretty simple if not sad. What are the people (mostly very young) who would like to work but don’t have $15/hour skills to do? I’ve seen tons of studies of this over the years and most are abstract and silly and ignore basic math and business and economic reality. You could measure youth-labor-participation-rate and make some determination of macro effects, but most of the rest is useless. Especially because I don’t need a study to tell me that you can’t pay $15 for something that will only generate $10. If you have $10/hour value, you will either find a way to improve your skills (if you can afford it) or you won’t work. People need to understand basic business math to understand the effects of labor price-fixing.