I'm all for more money - I worked a bunch of minimum wage jobs when I was younger, however, you have to have some skills and have to put some work in to make some money out. Will it hurt small business as defined by the government? No. Will it hurt small business defined by the pizza shop or bakery or independent grocer - these people are not subject to higher tax or healthcare in most cases - the answer is yes. True mom and pop shops will either cut a workers hours or not hire. I know what I would do - increase productivity and hire less. And that's what big businesses will do. You want a $5 value meal? It just became $8....gallon of milk? $5. Gallon of gas? $5. Loaf of bread in your local bakery? $5....slice of pizza? $4. Sorry but I can't support this one. The market must decide.