No it won’t, majority of restaurants, fast food etc rely on low wages. The profit margins in these fields are extremely low 10% now if you increase by double. 25% of revenue goes to wages. You’re now at 50% of revwnue. Which is about 16 billion. Checking their finials they’ll be going bankrupt in no time. The whole argument is a job isn’t your career. If you don’t want to apply. Then be victim to your consequences. CEOS can make millions to billion on 1 deal. Not a cap of $300/hr revenue.