Economic Retardation

There is no other way to title this post but the one your viewing at. Congress is gathering momentum to push the Federal minimum wage from 5.15 to 7.25 over a course of 26 months.
You might ponder and might reject," How could you be against minimum wage, that will raise the standard of living for the lower end of the production spectrum". Well....maybe not like that. Still though.
The idea of a minimum wage is absolutely absurd coming from many ideological fronts. From an economic view point the minimum wage will only push the costs for a business and there are many when running a business. Now of course there is the welfare of the laborer/employee. When the cost of running a business becomes that much more magnified then their has to be costs he needs to cut. Unintentionaly that can be at times the employee itself. If the business wasn't there in the first place to satisfy the consumer then that employee wouldn't have had a job in the first place or that one in particular. If the employee loses his/her job because of increased costs brought about by the State then where is the justice in that?
The other view that the minimum wage is wrong is because the State has no right to impose wage floors or any other restriction on a business. In fact the State has no right to impose anything or even exist; that will be for another topic. Lets say their is a man named Larry who comes up with a revolutionary product. He culls investors and other patrons to invest in his project . He is able to bring together the resources and build a factory. The factory employs the workers at a wage they agreed to in the first place. Now this entity known as the State comes into the picture and uses threat of force and violence to compel Larry into following guidelines and regulations. Overtime because of all the extra costs the factory goes broke and Larry has to close the place down. Is their any sort of justification for the State to invade his property? Is their any moral reason? Larry was the one who gathered the resources and hired the people to build his factory in the first place with no help from the state and the State feels it has a right to circumvent his property rights.
In the mean time we must be vigilante. Lets hope the minimum wage doesn't go up.