Off the bat, it just seems logical that raising minimum wage by around 30% would mean many companies would see their labor costs go up by around 30% IF they kept the same number of workers. With tight profit margins, that seems like layoffs would be a direct result. Not to mention that raising the minimum wage by such a large percentage would most likely raise the wages of others too. For example, if company x pays $7.25/hr for entry level unskilled labor, and an employee who has been with that company for, say 2 years, makes $10 an hour, that same person isn't going to work for the same or less than a new employee.
Employees would be forced to either layoff employees, increase prices, or both. That would start a chain reaction of rising prices, which would effectively nullify the wage increase. People would make more money, but costs of everything would also rise.
24 “Truly, truly, I say to you, he who hears My word, and believes Him who sent Me, has eternal life, and does not come into judgment, but has passed out of death into life.
"You don’t need faith, logic, reason, proof, or anything else to be atheist, all you need to do is reject what someone told you."
St. Richard the Sarcastic--The Patron Saint of Irony