Having government come in and force companies to pay more in wages overall doesn’t seem like the best idea. Many companies, especially young companies struggle to keep their head above water and even small changes in wages can push them into closing up shop. There is no discussion in this article about any potential negative consquences. Magically, we’ll increase every company’s expenses and they will hire more people and no company will fold because of it. This is not a realistic scenario they are presenting.