The minimum wage hike is not a huge problem in itself. Its a problem of government and voter psychology. The real scary part of the minimum wage hike is the lack of planning.
We all know the problem with minimum wage hikes. They don’t solve any real problems in employee wages because either $8 or $10 an hour you are still poor as can be.
They also lead us away from the real solutions of lower taxes, less regulations and increased opportunity. Maybe next year we should just raise it too $25 dollars an hour. Then we could all get really rich!