I knew a guy who bought a small restaurant and it was doing ok but since they made burgers and fries they had a lot of competition from major chains. When the state minimum wage got raised by a couple of dollars one year, he slowly saw his ability to function as a business slip away and when he raised his prices to try to stay in business, the customers went elsewhere. It was pretty tragic because he worked really hard to build that place and the government made it basically impossible for him to remain open.