Wrong. Corporate America will not have to accept lower profits. Corporations are in business to make money not give more of it away. These cost get passed on to consumers as well as every other cost, ie taxes. Raising minimum wage for unskilled entry level jobs will do nothing. Just look at what UPS does, the more money they pay us, they increase shipping rates, increase work on us, decrease time for us to do it, and have fewer full time jobs. It's called free market. Do you think it would be fair for the government to tell you that you make too much money?