Ellison is celebrating people losing their jobs! Either that or he's woefully uninformed. At worst, many who are celebrating the raise in the minimum wage will soon be unemployed, many others will have their hours cut IF they keep the job.

Employers don't have bags of money sitting around to begin handing out as government demands. Most small businesses work hard just to get by. Artificially higher wages force them to cut back on the number of employees they pay and/or the hours they work, raise prices if the market will bear it, or go belly up.

Look at Seattle. After they passed the higher minimum wage, many small businesses closed. Jobs were lost. Those who who worked for those businesses and expected to make more money, ended up making none. The number of workers fell, the number of hours of most employees fell. Few people benefited. Many were hurt.

The market knows more about business than politicians and people who stomp their feet and demand more. It's economic reality, folks.