They won’t get raises - and many people who currently earn less are going to find themselves out of jobs as companies wring more work out of their better employees to justify paying them $15 per hour. This probably leads to a very real case of “women and minorities hit hardest”, as companies that shrink their staffs to meet the higher hourly wage requirements are basically going to keep literate people with strong work ethics who won’t take maternity leaves.
Wow. I don’t work in business, but what you say sounds right. Common sense would assume lots of negatives from this, but the Left just confidently charges over the cliff.