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Minimum Wage: Unethical Or Ethical?

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I like how you used minimum wage as one of the tensions between economics and ethics. This is a popular topic in the news now and seems to come up every couple of years. There are many pros of raising the minimum wage such as higher worker morale, improved living standards and increase consumer spending. At the same time there are disadvantages as companies could raise their prices, jobs could be cut, and reduce desire for career advancement. If I own a coffee shop and increase the wages of all employees to $15 an hour, but have to layoff 3 employees in the process am I doing an ethical or unethical thing? I think why the tension exist in business today between economics and ethics is because it’s not a simple black and white answer but a

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