Minimum wage boosts affecting 10 million workers in 22 states with varying outcomes

The video discusses a family-run business in California facing challenges due to minimum wage hikes. Initially, the business expanded easily, but recent wage increases have strained their finances, forcing them to raise prices and cut lunch hours. Employees benefit from higher wages, but the business risks closure. An expert explains the economic impact of wage increases, highlighting the balance between labor costs and consumer pricing. The business owners remain uncertain about the future, hoping to avoid closure.

What are the potential consequences of raising the minimum wage according to Barton Hamilton?

What uncertainties does Kim express about the future of her business?