because countries like Denmark's minimum wage is $22 an hour, even at Burger King.
so I don't believe this shit that, "companies" are going to fold.
I think that's a farce story being seeded by republicans and rich fuckers / wage enslavers.
they want us to think, the money going to individuals versus to corporations and investors is going to lead to businesses that cannot sustain themselves. but it's simply not true, the money simply diverts from some rich chumps bank account and ends up in the streets circulated to everyone else instead.
and we've looked at things like costs of items and whatnot, they're about the same.
ie, big mac in Australia costs less than the Big Macs in American yet the minimum wage and benefits are significantly worse in America, meaning they aren't paying their employees nearly the same.
this is because, every dollar a corporation saves, and every extra dollar they take in, goes to the corporation and rich investors instead of the employees and society who need it.
cut funding from social security, food stamps, health care, wages, or increase cost to take more from people's resources, all it does is go into the bank of some rich bitch to hoard and never see the light of day again.
the reason: money in the bank creates class separation, so poor become poorer and rich become richer, and rich get what they need in abundance while the poor get nothing. no education, no housing, no health care, excessively overworked, nada. money equates to power politically, whoever has money is on top and whoever doesn't have money is on the bottom enslaved to who does have it. so there's a huge incentive to keep money and prevent others from getting it, the same as they like to buy all the senate and congressional seats to control the laws that re-enforce their power letting them dominate the entire planet in safety with militaries and police there to back and protect them. ;)