SeaTac Crest Motor Inn owner Karnail Singh is worried about how the city's new $15 an hour minimum wage law will impact his business. It won't. The law only applies to hotels with 100 or more rooms and 30 or more non-managerial employees. Singh's hotel only has 46 rooms and less than 10 employees.

But that doesn't comfort Singh:

But Singh is still worried that the new minimum wage will hurt him. He says it will be a factor when it comes to hiring new employees.

“They will run to big business getting $15 an hour. It will be also hard for us to keep good employees. They may be greedy and try to go with big companies.”

See, when the owners of capital pay their employees as little as possible—leaving full time workers below the poverty line—that's just smart business. It's the invisible hand of God at the work. And if these low-wage workers work hard and long enough, and scrimp and save, then perhaps they might prove their own moral self-worth someday by owning their own business propped up by the underpaid labor of others.

But when low-wage workers seek better paying jobs, they're just being greedy. Economics 101.