Ben Carson explains this syndrome in his book. I'll find the quote and get back...
I disagree. Everything is about the money. When they say it is not about the money, its about the money. The super rich are pulling up the drawbridge, they made theirs, now they do not want you to make yours. If you are a billionaire, you are in territory where the minimum wage means nothing to you. The billionaire is established and dug in like a tick. If you are starting out, and maybe compete with the billionaires business interests, well you are a threat to the billionaire. The minimum wage increase will hit the small businessman in the wallet, not the billionaire. It might mean the difference between success and failure. In increase in the minimum wage will protect the billionaire’s interests.