Businesses hurting as San Francisco raises minimum wage

[Steven Douglas]

It is meant to price unskilled labor out of the market to protect skilled labor (frequently unions) from competition. Not as well intentioned as many think.

^THIS.

Protectionist, as always, at its core. It artificially picks winners and losers at everyone's expense, but mostly those poor who cannot compete and are driven out.

EDIT: Otherwise, why not make the minimum wage $25 an hour? Wouldn't that draw everyone in for great gobs of profitable laboring lumpy fun?