Unless there are price freezes raising the minimum wage only results in higher prices.
Why?
Most businessmen will quickly tell you that an employee needs to ear roughly twice he is paid for the business to stay afloat. Many businesses with fixed costs and low prices send their employees home whenever business activity drops. The reason is there isn't enough money wanking in the door to pay salaries.
Raise the minimum wage and prices must go up or businesses go broke.
Plus, everyone who spends money on anything has a maximum value they will pay for everything. When the Clinton's were pushing HilaryCare a pizza shop owner approached them complaining about the costs of HilaryCare and how it would drive the costs he had to charge per pizza up. Hilary's response was basically so what, raise your prices. The owner's response was people would stop buying his pizzas resulted in the infamous deer in the headlights look from Hilary - she had no clue to that obvious linkage.