I run a 100 person biz outside Seattle (so we're not directly affected) but I sure find the arguments against this -- other than the "total compensation" ones for tipped workers -- to be hollow.

YES it will increase some labor costs, that's the point.

NO I don't care if this means fast food costs $0.50 more per item, we'd all be marginally better off if we ate less of it anyways.

NO I don't find the Wal-Mart/big box retailers complaints valid -- especially when the enterprises are generating such large corporate profits and employees are paid well below the poverty line.

The small biz case (which again, I'm a part of) is the emotional center of this, and it could have an impact on some. But maybe we should consider this in more abstraction -- there are 2 questions -- should there be ANY minimum wage? If yes, then is the current minimum wage CORRECT? If there's no credible argument that it's too high presently (and I sure don't know of any), then maybe it's worth considering seriously that it's in fact too low.