Depends on who's perspective you're looking at it from.
For they business owners, it mean you pay less in taxes and benefits per employees.
For the employees, you're making twice as much money that you see and get to spend. Most people would say that's a win. Granted I know it isn't really because insurance/healthcare isn't cheap, but hey, they just made the affordable care act, so if you can't afford your insurance the government will help you out. With money that people like me pay into the system so all the people that can't afford insurance still get it.
That is a totally different argument, but as far as it goes you would be spending more and less as a business owner depending on how you choose to adapt to wage hikes
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