So leaving more money in the hands of employees through a minimum wage raise will cost jobs.

But when we leave money in the hands of the rich, through not taxing them, they create jobs. Apparently by investing in hedge funds where jobs are not created in the USA but a higher return on investment is available. When minimum wage employees spend it all. Right. I wonder if some economist could do a diagram of the life of each type of dollar and how it is used in the economy. What its lifecycle is like. Because there is a good chance that dollar given to an employee in raised minimum wage will end up in Wallmart's coffers. So it will all end up in the finance industries in the end. Where the brightest people in America are hired to make the rich, richer. Instead of growing the numbers of engineers (and companies and jobs they create) like they do in Germany.