Stories like this are clearly intended to support the politics behind raising the min wage...and Business Insider is a known propaganda machine for the left.

What the story intentionally doesn't point out is that a hike in minimum wage wouldn't impact Wall Street bonuses whatsoever (or business exec salary/bonuses). The cost would be shifted to non-unionized middle class workers, such as software devs via wage stagnation and reduced benefit quality while at the same time inflation would soar causing reduced purchasing power of that salary.

You think people at the top care if there's one big lower class?