As a small business owner I support this. Our trickle-down economic system has mainly resulted in a huge concentration of wealth in the hands of a few people whose main priority is then moving it offshore to avoid taxes. A higher minimum wage will put more money in the pockets of people who will actually spend it locally, thus benefiting the businesses they work for. I think it's a worthwhile experiment even though in my own micro-business (I have 2.5 employees, plus myself) the wage increases would wipe out about half of my current profit margin if sales remained the same.