The minimum wage is another way for members of the big-government/big-corporate crony-fascist complex to eliminate competition from small businesses. Big companies don’t employ minimum-wage workers anyway. Small businesses employ minimum-wage workers. Raising the minimum wage is no skin off their noses, and it drives the competition out of business.
Big business don’t spend their own money. They use other people’s money. When the doors close, there’s no skin in the game.
Small business does not have such luxury. They have recourse loans with personal guarantees to pay off. At least it’s not as bad as in the EU.