re: Raising minimum wage

Maybe I'm being too simplistic about this but to me it's like if a business has 10 employees. They pay those 10 employees $10 an hour because the most they can afford for payroll is $100. If minimum wage is bumped to $15 an hour is this business going to say oh gosh well I guess we have to pay it? No they're going to lay off 3 employees to get back to their $100 payroll cap. Worst case production goes down, profit goes down, and eventually the whole business goes down.