Good, now the Mom-and-Pop stores can stay open.
Not if they have to pay the jacked up minimum wage.
To stay in business, low volume Mom and Pop stores need much higher margins than high volume, low margin competitors like Wal-Mart. That is why Wal-Mart put them out of business in the first place.
Increasing labor costs enough to close Wal-Mart stores is even more devastating to small businesses.
Not necessarily a bad thing but I doubt that's the moms and pops you had in mind.