I don't think you realize how many low-paid employees there are. The minimum wage is set to increase to $7.25/hour this July. At 40 hours/week, 52 weeks/year, that is $15,080/year. Any company paying someone minimum wage would have to redo the salaries of everyone making 1.5 million/year or greater.
Again, I don't think it'll affect as many people as you think.
Shall we discuss sports franchises?