Do you mean that small businesses will need to raise they prices? Or that they'll go bankrupt?
And I thought that small businesses weren't paying below the minimum wage?
Most small businesses will
A-either have to raise prices for their services, or cut back on hiring (which is what we will be doing here, hiring less seasonal help during the busy times of the year)
B-Many small businesses currently start out their employee salaries right above the minimum wage, i.e. it's 5.25 now and a lot of places start employees at 6.00 an hour for example, but when it goes up to 6.85, they will start hiring people at the minimum wage, no longer offering starting salaries higher than the minimum wage, and even then, they will still have to raise prices and cut back on hiring.
The larger companies won't really notice much of a difference. The Wal-Marts and Krogers of the world will be able to afford to hire 1-2$ above the minimum wage as they currently can, due to the tremendous profits that they make.
Restaraunts are going to take the biggest hits. My sister-in-law is a waitress, and when the minimum wage goes up, her non-tip wages will go up almost 1.50 per hour, which means the restaraunt she works for will raise their prices to offset the increased salaries.