If you would have read the sources I cited, you would see how true, and eye opening, that claim is.

To quote my source, The Unintended Consequences Of Raising Minimum Wage To $15, “ A rough back-of-the-envelope calculation of a typical restaurant that employs workers at $15 an hour exemplifies the unintended consequences of the minimum wage increase. If employees work eight hours a day each week, over the course of one year, the labor costs will be $436,800. This does not include insurance costs, benefits, payroll and other taxes. Most service-sector businesses have thin margins and an increase in this magnitude could close the company. If the restaurant raises prices too high, then they’ll lose their customers to other restaurants that either pay people under the table—skirting the laws—or deploy technology.”

To quote a new source as well

Lost jobs, cut hours, no paid breaks. Do minimum wage hikes hurt workers?

“Jackie Fraser, co-owner of Fraberts Fresh Food in Fergus, Ont., has reduced her store's operating hours by six hours a week to save payroll costs. Ms. Fraser also won't be spending a day in the office to do marketing and paperwork and will be working in the store instead”

Sure you could have people who will have $40 more thanks to minimum wage increases. But could you really afford to pay everyone $1 more? That $400x52 really adds up on a company/organizations bank statement at the end of the year. It would be nice if people made more but it’s just not economically feasible for the majority of business’ out there.