If they raise minimum wage it would eat into millionaires profits. Lets face it. Alot of franchise owners and business owners are millionaires. They want wages low as possible. Lets take a mcdonalds franchise for example. In response to the $15 minimum wage protests. Mcdonald made a statement that franchise owners only make 6 cents on the dollar of cheeseburger sales. Which is probably true. But its a trick statement. They profit alot from selling so many other items. Not just cheeseburgers. They make 90cent on the dollar just on soft drinks. To become a mcdonald franchise owner you must have assets that value more then 1 million dollars just to be considered. Do you really think these investors invest millions of dollars into one mcdonalds just to make 6 cents to the dollar? Hell no. Those stores gross over a million a year. My guess is they profit minimum 300-400k a year per store. Remind you most franchise owners own more than one store. If they had to spend 50k more a year to pay employees $15 an hour then they would only profit 250-350k a year. Thats not enough money for them and there life style so they are against it. Its called power and greed. Successful people over time get spoiled and what they have is not enough and they just want more.