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Would a higher minimum wage increase costs and discourage people from starting businesses?

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There are lots of service industry businesses (fast food being an obvious example) that operate on very thin margins and would consequently go under if the minimum wage shot up too high.

And not only would it discourage potential entrepreneurs from starting businesses, raising the minimum wage sharply would cause inflation to rise sharply in concordance, negating any benefit in the long run.
@zeke @freepatriot Don't forget landscaping firms. Imagine what would happen to them if they had a minimum wage. Or workers with citizenship.
@bigmattoidchimpin @freepatriot @zeke this is the issue, you can have no minimum wage if there is also no third world migrants
Can confirm. My brother and I had a landscaping business ages ago.
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